Rodman & Renshaw Terminates NetLogic Coverage

Rodman & Renshaw terminated its NetLogic Microsystems NETL coverage following NetLogic's acquisition agreement with Broadcom BRCM in a research report published today. In the report, Rodman & Renshaw states, "NetLogic is well positioned to benefit from growing IP (Internet protocol)-based network traffic. We believe the design wins in KBPs, multi-core, and the PHY Ethernet areas will be the catalysts for future growth." "Our final rating on NetLogic Microsystems is Market Outperform. Investors should not rely on our most recent rating and published estimates going forward," Rodman & Renshaw states.