$AVGO (Broadcom Limited)

$AVGO {{ '2015-12-18T15:08:48+0000' | timeago}} • SEC

For FY15, $AVGO used an expected rate of return on plan assets of 7.3% for its US pension plans. The company used a weighted-average long-term rate of return on assets of 5.4% for its U.S. post-retirement benefit plan. $AVGO currently expect to make contributions of $32MM to its defined benefit pension plans in FY16.

$AVGO {{ '2017-12-19T14:25:02+0000' | timeago}} • Announcement

$AVGO started shipping StrataXGS Tomahawk 3 switch series, demonstrating 12.8 Terabits per sec of Ethernet switching performance in a single device. The Tomahawk 3 series is the industry’s first shipping product that supports high-density, standards based 400GbE, 200GbE, and 100GbE switching and routing for hyperscale cloud networks.

$XPER {{ '2017-12-18T13:08:17+0000' | timeago}} • Announcement

$XPER's subsidiary Tessera Technologies, Inc. and some of its affiliates have reached an agreement with $AVGO and some of its affiliates, customers and suppliers to settle and dismiss all pending litigation between them. In conjunction with the settlement, $AVGO entered into a new multi-year patent license agreement with Tessera.

$AVGO {{ '2017-12-07T14:42:03+0000' | timeago}} • Webcast

On the CapEx front, $AVGO said it expects expenses to decline meaningfully starting in 2018. For 2H18, the company expects CapEx to reach its long-term target of 3% of net revenue.

$AVGO {{ '2017-12-07T14:36:41+0000' | timeago}} • Webcast

$AVGO is seeing strong adoption and ramp of its optical isolation products to continue to drive growth coming from electric vehicles in 2018. The company is also looking forward to fully integrating Brocade over the next few quarters and expect its total OpEx in FY18 including Brocade to remain within the target of 17.5% of net revenue.

$AVGO {{ '2017-12-07T14:35:08+0000' | timeago}} • Webcast

Looking into 1Q18, $AVGO expects wireless revenue to continue to grow sequentially as the high demand from the company's North American customers is expected to grow. Additionally for the rest of 2018, $AVGO is seeing significant increase in FBAR content driven by the need for additional filtering at the antenna.

$AVGO {{ '2017-12-06T22:57:39+0000' | timeago}} • Announcement

$AVGO BoD approved a quarterly, interim cash dividend of $1.75 per ordinary share, up 72% sequentially. The dividend is payable on Dec. 29, 2017 to shareholders of record on Dec. 19, 2017.

$AVGO {{ '2017-12-06T22:55:06+0000' | timeago}} • Announcement

$AVGO expects 1Q18 net revenue to be in the range of $5.22-5.37Bil and gross margin to be in the range of 46.75-48.75%. OpEx is expected to be $1.76Bil, while interest expense and other is expected to be $161MM. Also for 1Q18, the company expects CapEx to be about $210MM, while depreciation expectation is of $130MM.

$AVGO {{ '2017-12-06T22:46:55+0000' | timeago}} • Announcement

$AVGO, which recently had a failed takeover bid of $QCOM, swung to profit in 4Q17, driven by a 33% growth in its Wireless communications segment, which makes smartphone parts and chips for iPhones. Profit was $671MM or $1.50 per share for the quarter, while revenue surged 17% to $4.84Bil. Adjusted EPS jumped 32% to $4.59 per share.

$AVGO {{ '2017-12-06T21:38:09+0000' | timeago}} • Infographic

$AVGO Broadcom Limited Earnings AlphaGraphic: Q4 2017 Highlights

$ARRS {{ '2017-12-01T16:56:58+0000' | timeago}} • Announcement

$ARRS completed its acquisition of the Ruckus Wireless and ICX Switch business from $AVGO. With this acquisition, $ARRS builds on a leadership position in networking and entertainment for service providers while expanding into new enterprise and vertical markets.

$AVGO {{ '2017-11-17T16:35:11+0000' | timeago}} • Announcement

$AVGO closed its purchase of $BRCD. Brocade's common stock will now cease to be traded on Nasdaq. Brocade will operate as an indirect subsidiary of $AVGO and will be led by Jack Rondoni as General Manager.

$AVGO {{ '2017-11-17T14:33:55+0000' | timeago}} • Announcement

$AVGO completes acquisition of $BRCD. $BRCD  will now cease to be traded on NASDAQ and will operate as an indirect subsidiary of $AVGO, led by Jack Rondoni as General Manager.

$QCOM {{ '2017-11-14T13:39:27+0000' | timeago}} • Announcement

$QCOM's BoD unanimously rejected its rival $AVGO's $103Bil takeover proposal, stating the proposal undervalues $QCOM and comes with significant regulatory uncertainty. $QCOM has a pending $28.1Bil deal with $NXPI that is currently under the regulatory review in Europe.

$QCOM {{ '2017-11-06T20:03:59+0000' | timeago}} • Announcement

$QCOM confirms that it received a non-binding, unsolicited proposal from $AVGO, to acquire all of the outstanding shares of $QCOM for per share consideration of $60.00 in cash and $10.00 in $AVGO stock. The company's BoD said it will review the proposal.

$AVGO {{ '2017-11-06T14:53:05+0000' | timeago}} • Announcement

Chipmaker $AVGO bids to buy $QCOM for $130Bil. $AVGO's proposal would remain whether $QCOM's pending acquisition of NXP Semiconductors is completed on the present disclosed terms of $110 per NXP share or the deal is terminated. Silver Lake Partners to provide $5Bil convertible debt financing commitment letter to $AVGO to support $QCOM transaction.

$AVGO {{ '2017-11-06T14:44:34+0000' | timeago}} • Announcement

Chipmaker $AVGO bids to buy $QCOM for $130Bil, the largest ever acquisition in the history of technology sector if the deal materializes. Under the proposal, $QCOM shareholders to receive $70 per share of each of its rival's outstanding shares; $60 in cash and $10 in shares. Deal is subject to Hart–Scott–Rodino Act in U.S. and regulatory approvals.

$AVGO {{ '2017-08-30T10:48:43+0000' | timeago}} • Announcement

$AVGO has approved a quarterly, interim cash dividend of $1.02 per ordinary share. A corresponding distribution will also be paid, to holders of restricted exchangeable limited partnership units (REU), in the amount of $1.02 per REU. They are both payable on Sept 29, 2017 to shareholders as on Sept 19, 2017.

$AVGO {{ '2017-08-25T18:40:31+0000' | timeago}} • Webcast

$AVGO said that in 4Q17, even as the company foresees sequential revenue declines in other segments, it projects the strong wireless growth to accelerate its consolidated revenue growth sequentially by over 7%. In 3Q17, the company's only greater than 10% direct customer was Foxconn.

$AVGO {{ '2017-08-25T18:38:54+0000' | timeago}} • Webcast

In 4Q17, $AVGO expects Wired segment revenues to decline sequentially rising from the seasonal weakness in demand for the broadband access products industry-wide. Despite this softness, $AVGO expects the Wired segment to continue to trend up well on a YonY basis.

$AVGO {{ '2017-08-24T22:21:20+0000' | timeago}} • Announcement

For 4Q17, $AVGO expects net revenue to be in the range of $4.72-4.87Bil and gross margin to be in the range of 47.75-49.75%. OpEx is expected to be $1.49Bil, while interest expense and other is expected to be $100MM. Additionally for 4Q17, CapEx expectation is of about $230MM and depreciation is expected to be $120MM.

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