Here are the stocks added to the Zacks #5 Rank ("strong sell") List today:

American Water Works Co Inc (AWK) Amerigas Partners LP (APU) Associated Banc-Corp (ASBC) Benchmark Electronics Inc (BHE) Benihana Inc (BNHNA) BMP Sunstone Corp (BJGP) Cape Bancorp Inc (CBNJ) China Nepstar Chain Drugstore Ltd (NPD) Conmed Corp (CNMD) Crucell NV (CRXL) Duke Energy Corp (DUK) Empire District Electric Co (EDE) Emulex Corp (ELX) Encore Wire Corp (WIRE) Fair Isaac Corp (FICO) ...

Broadcom Corp. (BRCM) is expected to report its third quarter results on Oct 22. The company expects revenues to grow by 7% – 14% sequentially in the third quarter fueled by growth within the mobile and wireless targeted end market, which in turn is driven by new product ramps and the upcoming holiday season. This implies revenue guidance between $1.11 billion and $1.18 billion.  Revenues from the Broadband Communications market is expected to grow across all targeted markets. Enterprise Networking business is also expected to stabilize driven by improving customer order patterns particularly in the Ethernet switching area. The revenue guidance includes $55 million of license revenues.

Broadcom had earlier reported encouraging second quarter results in July but margins took a beating due to a decrease in product gross margin. However, product gross margin is also expected to increase in the third quarter. Operating expenses are projected to increase

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Here are the stocks added to the Zacks #5 Rank ("strong sell") List today:

Anglo American PLC (AAUKY) Benihana Inc (BNHN) Benihana Inc-A (BNHNA) BlackRock Kelso Capital Corp (BKCC) BMP Sunstone Corp (BJGP) Cape Bancorp Inc (CBNJ) Capstone Turbine Corp (CPST) Celadon Group Inc (CLDN) China Nepstar Chain Drugstore Ltd (NPD) Conmed Corp (CNMD) Datalink Corp (DLTK) DemandTec Inc (DMAN) Emulex Corp (ELX) Encore Wire Corp (WIRE) Extreme Networks (EXTR) Fair Isaac Corp (FICO) General Maritime Corp (GMR) ...

For Immediate Release

Chicago, IL – July 13, 2009 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Broadcom Corp. (BRCM), Emulex Corp. (ELX), Primus Guaranty, Ltd. (PRS), Ambac Financial (ABK) and MBIA (MBI).

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Here are highlights from Friday’s Analyst Blog:

Broadcom Stops Pursuing Emulex

Broadcom Corp. (BRCM) yesterday dropped all efforts to acquire Emulex Corp. (ELX) after the latter rejected its revised acquisition offer. Broadcom had earlier raised its hostile bid to acquire all outstanding shares of rival Emulex from $9.25 per share to $11.00 per

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Chipmaker Broadcom Corp. (BRCM) launched a hostile bid to buy Emulex Corp. (ELX) for about $764 million on Tuesday after swinging to a first-quarter loss.

As the deepening recession took a toll on IT spending, Broadcom posted a quarterly loss of $91.9 million, or 19 cents a share, compared with a year-ago profit of $74.3 million, or 14 cents. Analysts had expected the Irvine, California-based company to report a loss of 23 cents per share in the latest quarter.

Broadcom agreed to pay $9.25 for each share of Emulex and said it expects the deal to boost its earnings next year through a wider distribution channel and improved efficiencies. The offer values the storage-equipment maker at a 40% premium to its Monday close.

Even though slowing sales have badly hurt Emulex's earnings over the past year, it has shown reluctance to be bought

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