Saturday, April 3, 2010

Beceem Communications files for $100M IPO

The proposed symbol is BECM.

Beceem is a supplier of highly-integrated semiconductor solutions for mobile broadband communications devices. Beceem believes that it is the leading supplier of 4G semiconductor solutions globally based on volume shipped to date.

In the 4G-WiMAX market, Beceem competes with Intel (INTC), MediaTek (2454.TT), and Samsung Semiconductor (005930.KS).

In the 4G-LTE market, competitors include existing 3G semiconductor providers such as Broadcom (BRCM), Icera, Infineon (IFX.GR), Marvell (MRVL), Qualcomm (QCOM) and ST-Ericsson.

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