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Broadcom Corporation’s (BRCM - Analyst Report) Global Navigation Satellite System (GNSS) location chip, BCM47521 recently got one of the top recognitions in the industry when it won the COMPUTEX 2013 Best Choice Award from the Taipei Computer Association in Taipei, Taiwan.

BCM47521 chip features geofence capabilities, which facilitate it to receive a notification whenever a user crosses a virtual perimeter. A geofence is a virtual perimeter or boundary for a real geographic area. The chip consumes 60 times less battery power than other variants available in the market. This feature has made it viable to operate geofence services in consumer devices.

BCM47521 offers faster searches, better signals and improved navigation by collecting data from four satellite constellations simultaneously.  With such technologically advanced products, Broadcom is well placed in the fast-growing wired and wireless communications markets. In addition, the company has cutting-edge solutions for a growing number of connected users who are demanding more content and bandwidth.

Broadcom continues to drive innovation and engineering excellence across a broad range of communication end markets to help its customers enhance device performance and improve overall power efficiency. With the GNSS innovative technology, the company has opened the doors to location-aware applications such as social networking and local merchant advertising. The robust growth of mobile devices is driving opportunities for growth of such innovative applications.

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 #2 (Buy). Other stocks that look promising and are worth mentioning are Unisys Corporation (UIS - Analyst Report)  with a Zacks Rank #1 (Strong Buy), and Towerstream Corporation (TWER - Snapshot Report) and iSoftStone Holdings Limited , each carrying a Zacks Rank #2 (Buy).

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