$AVGO (Broadcom Limited)

$AVGO {{ '2016-03-01T17:19:45+0000' | timeago}} • Announcement

Maker of analog and digital semiconductor solutions $AVGO said that it launched Emulex Gen 6 Fibre Channel host bus adapters for the demanding enterprise data storage requirements of flash storage arrays, virtualized and cloud data centers. This adapter enables data centers to get maximum ROI from their flash storage investments.

$XPER {{ '2017-06-02T13:40:02+0000' | timeago}} • Announcement

Invensas Corp., a subsidiary of $XPER, said a German appellate court denied $AVGO and Broadcom Corp.'s motion to stay enforcement of a patent infringement judgment that a German district court recently entered against Broadcom.

$AVGO {{ '2017-06-01T21:56:16+0000' | timeago}} • Webcast

$AVGO believes it will be able to sustain the adjusted gross margin in the 63% range going into 3Q17. There is some wireless mix with a slight headwind. The company has worked through its synergies and benefits and plans to sustain this range going forward.

$AVGO {{ '2017-06-01T21:50:16+0000' | timeago}} • Webcast

$AVGO said the storage business is growing in the low single digits range. The company expects to see improved growth in this business during 3Q17.

$AVGO {{ '2017-06-01T21:29:35+0000' | timeago}} • Webcast

For 3Q17, $AVGO expects Wired Infrastructure revenue growth to accelerate into mid single digits sequentially. Wireless Communications revenues are expected to be in the double digit range. $AVGO expects Enterprise Storage revenue to grow low single digits in 3Q17. Industrial & Other revenue is expected to grow mid single digits.

$AVGO {{ '2017-06-01T21:27:50+0000' | timeago}} • Webcast

In 2Q17, $AVGO’s revenue from its largest segment, Wired Infrastructure, was stable at $2.1Bil, up 2% YoY. Wireless Communications revenue was $1.15Bil, up 45% YoY. Enterprise Storage revenue was $712MM, up 36% YoY. Industrial &Other segment revenue was $217MM, up 32% YoY.

$AVGO {{ '2017-06-01T20:33:30+0000' | timeago}} • Announcement

$AVGO's BoD approved a quarterly, interim cash dividend of $1.02 per ordinary share. The dividend is payable on June 30, 2017 to shareholders of record on June 19, 2017.

$AVGO {{ '2017-06-01T20:32:35+0000' | timeago}} • Infographic

$AVGO Broadcom Limited Earnings AlphaGraphic: Q2 2017 Highlights

$AVGO {{ '2017-06-01T20:30:46+0000' | timeago}} • Announcement

For 3Q17, $AVGO expects net revenue to be $4.44Bil and gross margin to be 48%. Opex is expected to be $1.49Bil while interest expense and other is expected to be $100MM. Provision for income taxes is expected to be $78MM. Capex is expected to be approx. $240MM and depreciation is expected to be $118MM.

$AVGO {{ '2017-06-01T20:24:50+0000' | timeago}} • Announcement

$AVGO reported net income, including the impact of discontinued operations, of $464MM or $1.05 per share in 2Q17 compared to a net loss of $1.25Bil or $3.02 per share in 2Q16. Net revenue was $4.19Bil, up 18% from last year.

$AVGO {{ '2017-04-19T13:21:25+0000' | timeago}} • Announcement

$AVGO introduced the BCM53570 Ethernet switch family offering full compliance with all available IEEE Time Sensitive Networks (TSN) standards. $BRCM

$EXTR {{ '2017-03-30T13:00:00+0000' | timeago}} • Announcement

$EXTR will buy Brocade Communications Systems, Inc.'s data center switching, routing, and analytics business from $AVGO for $55MM in cash. The deal value consists of $35MM at closing and $20MM in deferred payments. Extreme sees the acquisition to be accretive to cash flow, FY18 earnings and expects to generate over $230MM in annualized revenue.

$AVGO {{ '2017-03-01T22:34:34+0000' | timeago}} • Webcast

Enterprise Storage segment revenue of $AVGO came in at $707MM in 1Q17, and represented 17% of total revenue. In the Industrial segment, 1Q17 revenue was $180MM and represented 5% of total revenue. In 2Q17, $AVGO is expecting industrial activity to continue to improve seasonally and segment revenue to increase by high single digits sequentially.

$AVGO {{ '2017-03-01T22:26:50+0000' | timeago}} • Webcast

In Wireless segment, $AVGO's revenue came in at about $1.18Bil in 1Q17, better than expected and represented 28% of total revenue. In 2Q17, the company expects its Wireless revenue to be sequentially down in the high single digits.

$AVGO {{ '2017-03-01T22:22:28+0000' | timeago}} • Webcast

$AVGO's largest segment Wired, reported revenue of $2.09Bil in 1Q17 and represented 50% of company's total revenue. In 2Q17, $AVGO expects Wired revenue to experience sequential growth, stronger than seen in the prior quarters. Additionally, for its broadband and set-top box products, the company expects a seasonal increase in demand.

$AVGO {{ '2017-03-01T22:09:00+0000' | timeago}} • Infographic

$AVGO Broadcom Limited Earnings AlphaGraphics: Q1 2017 Highlights

$AVGO {{ '2017-03-01T21:42:42+0000' | timeago}} • Announcement

During 1Q17, $AVGO generated $1.35Bil in cash from operations and spent $325MM on capital expenditures. Cash balance at the end of the quarter was $3.54Bil, compared to $3.1Bil a year ago.

$AVGO {{ '2017-03-01T21:39:31+0000' | timeago}} • Announcement

For 2Q17, $AVGO expects revenue to be in the range of $4,015MM to $4,165MM. Operating expenses is expected to be $1,465MM and gross margin in the range of 45% to 47% for 2Q17.

$AVGO {{ '2017-03-01T21:35:23+0000' | timeago}} • Announcement

Chipmaker $AVGO, a key supplier to $AAPL, reported a 33% YoY drop in 1Q17 earnings. Net income, which includes the impact of discontinued operations, was $252MM, or $0.57 per diluted share, compared with $377MM, or $1.30 per diluted share, in 1Q16. On non-GAAP basis, the company earned $3.63 a share, up 51% YoY. Revenue grew 134% YoY to $4.2Bil.

$AVGO {{ '2017-01-12T11:48:22+0000' | timeago}} • Announcement

$AVGO said two of its subsidiaries, Broadcom Corp. and Broadcom Cayman Finance Ltd. have priced offering of $2.75Bil of 2.375% Senior Notes due 2020, $3.5Bil of 3.000% Senior Notes due 2022, $2.5Bil of 3.625% Senior Notes due 2024 and $4.8Bil of 3.875% Senior Notes due 2027. The closing of the offering is expected to occur on Jan. 19, 2017.

$AVGO {{ '2017-01-11T13:46:26+0000' | timeago}} • Announcement

$AVGO said two of its subsidiaries Broadcom Corp. and Broadcom Cayman Finance Ltd. plans to offer senior notes. The notes will be guaranteed on a senior unsecured basis by Broadcom and certain of its other subsidiaries. The Co-Issuers plan to use proceeds to repay debt outstanding under $AVGO's credit facility and to pay related fees and expenses.

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