Reuters: Technology News: Avago sees strong quarter ahead of new iPhone launch

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Avago sees strong quarter ahead of new iPhone launch Aug 27th 2013, 22:23 Tue Aug 27, 2013 4:29pm EDT (Reuters) - Chipmaker Avago Technologies Ltd said third-quarter revenue rose 6 percent as higher sales in its industrial business offset tepid demand from smartphone customers. The company's net income fell to $142 million, or 56 cents per share, from $145 million, or 58 cents per share, a year earlier. Revenue rose 6 percent to $644 million. Avago shares were up 5.6 percent at $38.60 in extended trading. (Reporting By Aurindom Mukherjee & Lehar Maan in Bangalore; Editing by Sreejiraj Eluvangal)

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