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Broadcom's inventory down, stock up; new boss McGregor gets thumbs up after his January debut.

Publication: San Diego Business Journal
Publication Date: 30-MAY-05
Format: Online
Delivery: Immediate Online Access
Full Article Title: Broadcom's inventory down, stock up; new boss McGregor gets thumbs up after his January debut.(High-Tech)(Scott McGregor)

Article Excerpt
Judging by recent weeks, you might think Scott McGregor has a touch of gold.

Broadcom Corp.'s chief executive went to New York to open trading at Nasdaq on May 10. The next day, shares of the chip maker broke out of their doldrums with a surge that led Broadcom to its yearly high on Wall Street.

Broadcom's recent stock gain has been the high point for McGregor, who took over Jan. 1. After seeing business pick up in early 2004, Broadcom has been wrestling with weak chip sales since late last year.

Part of the problem is a broader slowdown that hit all chip makers in the fall.

Also at play is what one analyst calls "Broadcom specific" issues. Before this month's stock surge, Broadcom saw its shares fall 15 percent from the...

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