Broadcom Corporation (BRCM) and other leading technology vendors recently announced their support for IEEE (Institute of Electrical and Electronics Engineers) efforts to bring 2.5G and 5G Ethernet speeds to enterprise access points for high-speed networking over unshielded twisted-pair (UTP) cables.
This group of leading technology vendors has formed the Multi-Rate Gigabit Ethernet Base-T (MGBASE-T) alliance for the continued success and expansion of the Ethernet technology. The addition of the 2.5G and 5G Ethernet link protocol speeds will enable cost-effective scaling of network bandwidth to enterprise networks.
The specification adopted by the MGBASE-T Alliance leverages various fundamental technologies in Ethernet standards, enabling faster time to market with minimal research and development efforts for vendors. This alliance will work with the IEEE to help drive industry convergence and standardization around these new Ethernet speeds in support of emerging customer needs. The new Ethernet speeds will provide full benefits of next generation 802.11ac (Wave 1 & 2) wireless technology using the existing cabling infrastructure.
Broadcom is well placed in the fast-growing wired and wireless communications markets, with cutting-edge solutions for a growing number of connected users, who are demanding more content and bandwidth.
Based in Irvine, CA, Broadcom is engaged in designing and marketing semiconductor components of network voice, video, and data traffic for various applications. The company continues to drive innovation and engineering excellence across a broad range of communication end markets to help its customers enhance device performance and overall efficiency.
Broadcom currently has a Zacks Rank #3 (Hold). Other stocks that look promising and are worth a look are Nitto Denko Corporation (NDEKY), TriQuint Semiconductor, Inc (TQNT) with a Zacks Rank #1 and NeoPhotonics Corporation (NPTN) carrying a Zacks Rank #2 (Buy).
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