Items tagged with (NASDAQ:AVGO)

It appears that Broadcom is looking to get ahead of any potential regulatory concerns that might result from its ongoing aggressive effort to acquire Qualcomm. To quell some of the concerns, Broadcomm inked a letter to Congress assuring members that it has every intention of making the United States a leader in 5G connectivity, and that it would not spend less money on advancing 5G stateside. In addition, Broadcom promised to create to a new $1.5 billion fund to train and education the next generation of radio frequency engineers in the US. The underlying theme of Broadcom's pitch to Congress is that it will make every effort to ensure the US leads the way in wireless technologies, today and... Read more...
Even though Qualcomm has never said the company is up for sale, it has been receiving buyout offers from Broadcom, an aggressive suitor that has already dangled an unsolicited bid of $100 billion. That offer was unanimously rejected by Qualcomm's board of directors last November on the basis that it undervalued the company. Fast forward to today and Broadcom is reportedly planning to increase its bid to $120 billion. People who are supposedly familiar with the matter told Reuters that Broadcomm is in the process of finalizing a formal offer that would value Qualcomm between $80 and $82 per share. The previous offer was for $70 per share, broken down into $60 per share in cash and $10 per share... Read more...
Broadcom is hoping to pull of the largest technology transaction of all time in its bid to acquire Qualcomm. The company made an ambitious cash and stock offer valued at around $130 billion, and it stands whether Qualcomm is able to consummate its deal to acquire NXP Semiconductors at $110 per share or not. Either way, Qualcomm now has a big decision to make. It may also try to negotiate an even higher price. The unsolicited proposal from Broadcom comes to $70 per outstanding share, broken down into $60 in cash and $10 per share. That represents a 28 percent over the closing price of Qualcomm's common stock yesterday, the last unaffected trading day prior to media speculation, and a premium of... Read more...
We've all been there when using GPS on our smartphones. You try and use something like Google Maps to navigate to a place you have never been, and all of a sudden, it's hard to tell if you should be on the feeder road or the highway. You eventually find out after driving too far that you are traveling along the wrong route end up cursing Google Maps. This will be a thing of the past next year when smartphones receive much more accurate GPS chips. How accurate you ask: Down to the inch. The chips that will save us from GPS hell are from Broadcom and the BCM47755 will have accuracy to 30-centimeters compared to the accuracy to 5-meters GPS chips offer today.What's even better is that the BCM47755... Read more...
Practically everyone who owns a smartphone should be on the lookout for a patch. Both Google and Apple this week released software updates for Android and iOS, respectively, to address a vulnerability discovered in Wi-Fi chipsets developed by Broadcom. If left unpatched, an attacker within range of the same Wi-Fi network could execute malicious code on a person's mobile device. A researcher on Google's Project Zero team discovered the vulnerability and wrote about it in great detail (hit the source link for deep dive into the technical underpinnings of this exploit). Prior to Google releasing a patch for Android, the researcher demonstrated the hack on a fully patched Nexus 6P running Android... Read more...
There are mergers, and then there are mega-mergers, such as the one that Avago Technologies and Broadcom just agreed to. The two chip makers have entered into a definitive agreement for Avago to acquire Broadcom for $37 billion as part of cash and stock deal, making it the largest transaction in the tech industry to date. Under terms of the agreement, Avago will pay Broadcom shareholders $17 billion in cash, giving them a 32 percent stake in the new company. The other $20 billion will be paid in stock. At that price, the two companies combined will have an enterprise value of $77 billion. They can also claim the most diversified communications platform in the semiconductor industry on combined... Read more...
A little bit of celebrating is in order for Avago Technologies, which said it signed a definitive agreement to sell LSI's Axxia Networking Business to Intel, the world's larger supplier of semiconductors, for $650 million in cash. The boards of directors for both Avago and Intel have already approved the deal, which is expected to close in the fourth quarter of 2014, barring any regulatory snags along the way. Avago owns an extensive portfolio of intellectual property serving markets in wireless communications, wired infrastructure, enterprise storage, and industrial. The Axxia business, which Avago came to own when it acquired LSI at the end of last year for $6.6 billion, is mostly involved... Read more...