$GM said Stephen Girsky will retire from its Board of Directors and will not stand for reelection at the company's Annual Meeting of Shareholders in June 2016. Girsky, 53, joined the board in July 2009.
$AVGO's integration with Broadcom is going well and the company has
made progress towards achieving its original target operating model objectives.
Looking forward to a fully integrated Broadcom, $AVGO announced an increase in
its long-term target operating margin from 40% to 45%.
For 4Q16, $AVGO’s revenues came in at the top end of guidance,
primarily due to better seasonality from the Wireless and Enterprise Storage
segments. The Wired segment represented 50% of total revenue. The company
benefited from increased demand for networking ASICs into data centers and
strong fiber optic shipments into metro networks.