Slowing growth and dull 2020
Broadcom fourth-quarter earnings beat Street estimates on Thursday, but investors were put off by slowing growth in the semiconductor business and a lukewarm revenue forecast for 2020.
Breaks up the security vendor
As we suspected earlier in the week, Broadcom has agreed to buy Symantec's enterprise business in a massive $10.7 billion deal that will break up the world's largest pure-play cybersecurity vendor.
Broadcom is likely to buy Symantec enterprise business and in fact many expected it to be agreed yesterday.
Broadcom has kicked the tyres of security outfit Symantec but walked out of the showroom after failing to agree a price.
No second half recovery this year
US chipmaker Broadcom warned a US-China trade conflict and export restrictions on Huawei were causing a worldwide slowdown in demand for chips.
Ends patent lawsuit
Adolf Hitler’s favourite car company Volkswagen has struck a deal with Broadcom ending a billion dollar patent lawsuit.
Higher demand for data centre tech
Broadcom predicted current quarter revenue largely above estimates on higher demand for components that power data centres.
Wall Street convinced that it has lost the plot
Broadcom has seen more than $19 billion wiped off the value of its company after Wall Street gave a plan to buy Computer Associates (CA) the thumbs down.
Worth $18.9 billion
Broadcom announced plans to buy IT management software company CA for $18.9 billion in cash, just months after US regulators blocked Broadcom's deal to buy fellow chip-maker Qualcomm.