Jim Cramer can't get enough of tech. So, in another play to look beyond bellwethers like Apple(AAPL Quote), Google(GOOG Quote), Amazon(AMZN Quote) and Research in Motion(RIMM Quote), Cramer talked up his latest tech move on Friday's "Mad Money": Broadcom(BRCM Quote).
The company is known for making chips for broadband and wireless systems. Already the leader in ethernet, it derives only 5% of its revenues come from wireless, leaving a lot of growth potential. Cramer thinks the company has a lot of coming market growth because of its combination chips -- those that bring together multiple technologies like wi-fi, radio and Bluetooth. Yet it's Broadcom's attempts to takeover Emulex(ELX Quote) that have garnered the biggest headlines in recent weeks. Broadcom offered $9.25 per share, or $764 million. Emulex rebuffed the offer, calling the price too low and telling shareholders to reject the tender. The two companies are now locked in one of those heated hostile tender fights of old, and things are getting personal: Emulex filed a lawsuit seeking an injunction against the tender by questioning Broadcom's business practices.- Loading Comments...
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