News - subcat

Broadcom predicts it will earn more cash
Published in News
Friday, 07 September 2018 13:00

Broadcom predicts it will earn more cash


Higher demand for data centre tech 

Broadcom predicted current quarter revenue largely above estimates on higher demand for components that power data centres.

Broadcom loses $18.9 billion after CA deal
Published in News


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.

Broadcom to buy CA
Published in News
Thursday, 12 July 2018 12:18

Broadcom to buy CA


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.

Broadcom has laid off 1,100 workers
Published in News
Friday, 15 June 2018 12:19

Broadcom has laid off 1,100 workers


More likely to follow

Broadcom has laid off about 1,100 workers as part of cost cutting following its $5.5 billion acquisition of Brocade, and more cuts are expected to come.

No Broadcom takeover, says Mediatek
Published in PC Hardware
Thursday, 22 March 2018 11:35

No Broadcom takeover, says Mediatek


Rumours are wrong

MediaTek has dismissed a rumour circulating in the Taiwan media that Broadcom had approached it about a takeover.

Broadcom gives up on Qualcomm takeover
Published in News
Wednesday, 14 March 2018 10:51

Broadcom gives up on Qualcomm takeover


But says it will move back to the US

Broadcom has scrapped its bid for Qualcomm although it will press on with its plan to move its base to the United States.

Trump blocks Broadcom takeover of Qualcomm
Published in News


Nope, we didn't see that one coming

President Donald (Prince of Orange) Trump has blocked any moves for Broadcom to take over Qualcomm by issuing a presidential order.

Broadcom moves back to US
Published in News
Monday, 12 March 2018 12:50

Broadcom moves back to US


Will be "American" two days before Qualcomm takeover bid

Singapore-based Broadcom will have redomiciled to the United States by April 3, two days before the chipmaker’s acquisition target Qualcomm's annual shareholder meeting where it is planning to mount a hostile take-over.

Broadcom's Qualcomm bid gets a kick in the groin from the US government
Published in News


Orders delay to shareholders' meeting on security grounds

There are signs that the writing might be on the wall for Broadcom's bid to take over Qualcomm, as the US government has now intervened to delay the take-over.

Qualcomm shareholder meeting pushed forward by a month
Published in News


Government (CFIUS) stepped in

Broadcom and Qualcomm are fighting for positions on the board as this is currently Broadcom’s only chance to win its hostile takeover of Qualcomm. Qualcomm is very clear that it doesn’t like the $79 offer that it thinks undervalues the company and has rather justified regulatory agency concerns. Now the US government Committee on Foreign Investment in the United States (CFIUS) has got involved and ordered Qualcomm to postpone the shareholder meeting for a month.