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Stockreport

Tech deal blocked; Inflation watch; UK-Russia tensions [CNN]

BROADCOM LTD ORDINARY SHARES (AVGO)  More Company Research Source: CNN
Last broadcom ltd ordinary shares earnings: 6/7 04:02 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.broadcom.com
PDF Tech deal blocked; Inflation watch; UK-Russia tensions 1. Tech deal blocked: The White House has blocked Broadcom's $117 billion bid for Qualcomm due to national security concerns. President Donald Trump said Monday that there is "credible evidence" that Broadcom ( AVGO ) and its affiliates "might take action that threatens to impair the national security of the United States." He said the two companies must "immediately and permanently abandon the proposed takeover." Broadcom said in a statement late Monday that it is reviewing the order and that it "strongly disagrees that its proposed acquisition of Qualcomm raises any national security concerns." Broadcom primarily makes chips for wired broadband communications, such as modems, Wi-Fi and routers. Qualcomm ( QCOM ) is known for inventing 2G and 3G wireless network technology, and it has been investing heavily in 5G. Shares in Qualcomm were down about 5% premarket. Broadcom's stock was flat. 2. Inflation watch: The US Labor [Read more]

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