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.

Deal close

Broadcom is likely to buy Symantec  enterprise business and in fact many expected it to be agreed yesterday.

Too pricy

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.

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.