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Broadcom Inc (AVGO.OQ)

AVGO.OQ on NASDAQ Stock Exchange Global Select Market

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14 Jun 2019
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Latest Key Developments (Source: Significant Developments)

Broadcom Says To Supply Apple With Specified, Radio-Frequency Front End Components
Monday, 10 Jun 2019 

June 10 (Reuters) - Apple Inc ::BROADCOM- EFFECTIVE JUNE 9, SOME UNITS CO ENTERED INTO A STATEMENT OF WORK WITH APPLE PROVIDING FOR SUPPLY ARRANGEMENT FOR 2 YRS OF NEW PROGRAMS.BROADCOM SAYS TO SUPPLY APPLE WITH SPECIFIED, RADIO-FREQUENCY FRONT END COMPONENTS, MODULES FOR APPLE'S SMARTPHONES, TABLETS, WATCHES - SEC FILING.BROADCOM-APPLE INTENDS TO SOURCE REQUIREMENTS FOR SUCH RF FRONT END COMPONENTS,MODULES FROM CO, IF CO ABLE TO MEET SOME DEVELOPMENT, OTHER COMMITMENTS.BROADCOM INC - THE AGREEMENT ALSO PROVIDES FOR VARIOUS PRICING SCHEDULES AND METHODOLOGIES APPLICABLE TO PURCHASES OF THE COVERED COMPANY PRODUCTS..  Full Article

Broadcom Inc Announces Pricing Of Private Offering Of Senior Notes
Friday, 29 Mar 2019 

March 29 (Reuters) - Broadcom Inc ::BROADCOM INC. ANNOUNCES PRICING OF PRIVATE OFFERING OF SENIOR NOTES.PRICED PREVIOUSLY ANNOUNCED OFFERING OF $2,000 MILLION OF 3.125% SENIOR NOTES DUE 2021.PRICED OFFERING OF $1,500 MILLION OF 3.125% SENIOR NOTES DUE 2022, $2,000 MILLION OF 3.625% SENIOR NOTES DUE 2024.ALSO PRICED PREVIOUSLY ANNOUNCED OFFERING OF $2,500 MILLION OF 4.250% SENIOR NOTES DUE 2026 & $3,000 MILLION OF 4.750% SENIOR NOTES DUE 2029.  Full Article

Broadcom Inc Announces First Quarter Fiscal Year 2019 Financial Results And Quarterly Dividend
Thursday, 14 Mar 2019 

March 14 (Reuters) - Broadcom Inc ::. ANNOUNCES FIRST QUARTER FISCAL YEAR 2019 FINANCIAL RESULTS AND QUARTERLY DIVIDEND.Q1 NON-GAAP EARNINGS PER SHARE $5.55.Q1 EARNINGS PER SHARE $5.55 FROM CONTINUING OPERATIONS.Q1 GAAP EARNINGS PER SHARE $1.12.Q1 REVENUE $5.789 BILLION VERSUS REFINITIV IBES ESTIMATE OF $5.82 BILLION.Q1 EARNINGS PER SHARE ESTIMATE $5.23 -- REFINITIV IBES DATA.SEES FY 2019 REVENUE $24.5 BILLION.Q1 NON-GAAP EARNINGS PER SHARE $5.55 FROM CONTINUING OPERATIONS.SETS QUARTERLY DIVIDEND OF $2.65PER SHARE.CAPITAL EXPENDITURES FOR FISCAL YEAR ARE EXPECTED TO BE APPROXIMATELY $550 MILLION.FY2019 REVENUE VIEW $24.31 BILLION -- REFINITIV IBES DATA.BROADCOM - SIMILAR TO PEERS, SEE A SLOWDOWN IN CHINA IMPACTING DEMAND.  Full Article

Broadcom Inc - James Diller stepped down from his position as chairman of board and chairman of executive committee - SEC Filing
Thursday, 6 Dec 2018 

Dec 6 (Reuters) - Broadcom Inc ::JAMES V. DILLER STEPPED DOWN FROM HIS POSITION AS CHAIRMAN OF BOARD AND CHAIRMAN OF EXECUTIVE COMMITTEE - SEC FILING.BROADCOM - ALSO ON DEC 5, 2018, BOARD ELECTED HENRY SAMUELI, PH.D., AN EXISTING DIRECTOR, AS CHAIRMAN OF BOARD AND CHAIRMAN OF EXECUTIVE COMMITTEE.SAMUELI ALSO INFORMED BOARD THAT HE WILL DECLINE ALL COMPENSATION FOR HIS SERVICE ON BOARD AND AS ITS CHAIRMAN.DILLER WILL CONTINUE TO SERVE AS A DIRECTOR AND AS A MEMBER OF COMPENSATION AND EXECUTIVE COMMITTEES UNTIL 2019 ANNUAL MEETING.BOARD ELECTED EDDY W. HARTENSTEIN, AN EXISTING DIRECTOR, AS LEAD INDEPENDENT DIRECTOR, A NEWLY CREATED POSITION.SETS QUARTERLY CASH DIVIDEND OF $2.65PER SHARE.BOARD INCREASED CURRENT SHARE REPURCHASE PROGRAM BY AUTHORIZING REPURCHASE OF UP TO AN ADDITIONAL $6.0 BILLION - SEC FILING.AGGREGATE REMAINING SHARE REPURCHASE AUTHORIZATION IS APPROXIMATELY $10.2 BILLION AS OF THE DATE HEREOF.ON DECEMBER 5, JAMES V. DILLER NOTIFIED BOARD HE WILL NOT BE STANDING FOR RE-ELECTION AS DIRECTOR AT 2019 ANNUAL MEETING.  Full Article

Broadcom Faces EU Antitrust Scrutiny In Dominance Probe - Bloomberg
Thursday, 25 Oct 2018 

Oct 24 (Reuters) - :BROADCOM FACES EU ANTITRUST SCRUTINY IN DOMINANCE PROBE - BLOOMBERG.  Full Article

Broadcom Says DoD Memo asking For CA Deal Review Is Forged
Wednesday, 10 Oct 2018 

Oct 10 (Reuters) - Broadcom Inc ::BROADCOM ISSUES STATEMENT.BROADCOM INC - HAVE A "CLEAR PATH TO COMPLETING TRANSACTION" IN FOURTH CALENDAR QUARTER OF 2018.BROADCOM INC - HAVE RECEIVED HART-SCOTT-RODINO CLEARANCE & APPROVAL OF CA SHAREHOLDERS.BROADCOM SAYS HAVE BEEN INFORMED BY DOD OFFICIALS THAT MEMO REFERENCING POSSIBLE NEED FOR REVIEW OF CO'S ACQUISITION OF CA IS A "FORGED DOCUMENT".BROADCOM INC - HAVE LEARNED A "FRAUDULENT" MEMO PURPORTED TO BE SIGNED BY U.S. DOD IS CIRCULATING AMONG SENATORS AND MEMBERS OF CONGRESS.BROADCOM INC - "THERE IS NO BASIS IN FACT OR LAW FOR CFIUS REVIEW OF OUR PENDING TRANSACTION" WITH CA.  Full Article

Broadcom Announces Hart-Scott-Rodino Approval For Proposed Acquisition Of CA Technologies
Friday, 24 Aug 2018 

Aug 24 (Reuters) - Broadcom Inc ::BROADCOM ANNOUNCES HART-SCOTT-RODINO APPROVAL FOR PROPOSED ACQUISITION OF CA TECHNOLOGIES.BROADCOM ANNOUNCES HART-SCOTT-RODINO APPROVAL FOR PROPOSED ACQUISITION OF CA TECHNOLOGIES.BROADCOM INC - CLOSING OF TRANSACTION IS EXPECTED TO OCCUR IN FOURTH CALENDAR QUARTER OF 2018.  Full Article

CA To Pay Broadcom A Merger Termination Fee Of $566 Mln Under Specified Circumstances
Thursday, 12 Jul 2018 

July 12 (Reuters) - Broadcom Inc ::BROADCOM INC - UPON TERMINATION OF MERGER AGREEMENT UNDER SOME SPECIFIED CIRCUMSTANCES, CA TO PAY CO A TERMINATION FEE OF $566 MILLION - SEC FILING.BROADCOM - DEAL INCLUDES TERMINATION RIGHTS FOR CO AND CA TO TERMINATE MERGER IF DEAL NOT COMPLETED BY JAN 11, 2019 UNLESS OTHERWISE EXTENDED.  Full Article

Broadcom To Acquire CA Technologies For $18.9 Billion In Cash
Wednesday, 11 Jul 2018 

July 11 (Reuters) - Broadcom Inc ::BROADCOM TO ACQUIRE CA TECHNOLOGIES FOR $18.9 BILLION IN CASH.SAYS DEAL FOR $44.50 PER SHARE.SAYS DEAL EXPECTED TO DRIVE BROADCOM'S LONG-TERM ADJUSTED EBITDA MARGINS ABOVE 55% AND BE IMMEDIATELY ACCRETIVE TO BROADCOM'S NON-GAAP EPS.SAYS ALL-CASH TRANSACTION REPRESENTS AN EQUITY VALUE OF APPROXIMATELY $18.9 BILLION.SAYS TRANSACTION IS EXPECTED TO DRIVE BROADCOM'S LONG-TERM ADJUSTED EBITDA MARGINS ABOVE 55%.SAYS ALL-CASH TRANSACTION REPRESENTS AN ENTERPRISE VALUE OF APPROXIMATELY $18.4 BILLION.SAYS BROADCOM INTENDS TO FUND TRANSACTION WITH CASH ON HAND AND $18.0 BILLION IN NEW, FULLY-COMMITTED DEBT FINANCING.SAYS CAREAL PROPERTY GROUP AG AND AFFILIATES HAVE ENTERED INTO A VOTING AGREEMENT TO VOTE IN FAVOR OF TRANSACTION.SAYS AGREEMENT HAS BEEN APPROVED BY BOARDS OF DIRECTORS OF BOTH COMPANIES.SAYS CAREAL PROPERTY GROUP AG AND AFFILIATES COLLECTIVELY OWN ABOUT 25% OF OUTSTANDING SHARES OF CA COMMON STOCK.  Full Article

Broadcom nears deal to buy CA Technologies for about $18 bln - CNBC, Citing DJ
Wednesday, 11 Jul 2018 

July 11 (Reuters) - :BROADCOM NEARS DEAL TO BUY CA TECHNOLOGIES FOR ABOUT $18 BILLION - CNBC, CITING DOW JONES.  Full Article

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Broadcom's $2 billion warning rattles global chip sector

LONDON/BENGALURU Broadcom Inc sent a shockwave through the global chipmaking industry on Friday with its forecast that U.S.-China trade tensions and the ban on doing business with Huawei Technologies would knock $2 billion off the company's sales this year. | Video