Albany, New York (09/22/2014) – Broadcom Corporation (NASDAQ:BRCM)’s focus on the Internet of Things is something that analysts believe positions the company for big growth. Broadcom Corporation (NASDAQ:BRCM) announced plans to unload its baseband wireless business, which has been struggling because of the saturation in the high-end devices market and the poor average selling price. However, the Internet of Things is expected to grow exponentially to a global economic value of about $2 trillion. Broadcom Corporation (NASDAQ:BRCM) boasts cash position in excess of $3 billion, and it has another $2 billion in the form of operating cash flow. That means that its shot at Internet of Things has significant financial backing.
Cognex Corporation (NASDAQ:CGNX) recently announced a new member to its family of handheld barcode readers. It launched DataMan 8600 series, which it said offers unmatched barcode reading and is great for parts traceability in automotive, consumer electronics and even oil and gas industries. Cognex Corporation (NASDAQ:CGNX) further said DataMan 8600 is designed for harsh working environments, which supports its application in the auto industry in areas such as automotive kitting, incoming inspection and more.
It is interesting to note that KeyCorp (NYSE:KEY) enjoys a competitive advantage over its peers because of various strengths that are particular to the $12.21 billion financial services company. KeyCorp (NYSE:KEY)’s improving asset quality and prudent management of expenses are some of the areas in which the company leads its peers. However, experts have raised issues with its net income interest growth, and they point out that KeyCorp (NYSE:KEY) faces top line pressure.
IAMGOLD Corp (USA) (NYSE:IAG) narrowed its 2014 production outlook, such that the company now expects to produce between 870,000 and 930,000 ounces of gold. It also said it expects to witness cash costs in the range of $620-$650 per ounce. IAMGOLD Corp (USA) (NYSE:IAG) originally forecast production in the range of 900,000-960,000 ounces, whereby it expected cash costs in the band of $590-$620. The reduction in the production targets and an increase in production costs are linked to the challenge that IAMGOLD Corp (USA) (NYSE:IAG) faced at Essakane, especially in 2Q.