Topic: Broadcom to buy H-1B software shitshop Computer Associates for $18 billion.
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:wtf:

Updated July 11, 2018 4:14 p.m. ET


Broadcom Inc. AVGO -2.84% is nearing a deal to buy software company CA Technologies CA 0.16% for about $18 billion, according to people familiar with the matter.

Broadcom is to pay $44.50 a share for CA, formerly known as Computer Associates, the people said. Assuming it doesn’t fall apart at the last minute, the deal could be announced later Wednesday. CA shares were trading at $37.21 Wednesday afternoon.

The takeover would be a major strategic move for Broadcom, coming just months after its $100 billion-plus hostile bid for Qualcomm Inc. QCOM -1.83% was blocked by President Donald Trump. The move would help diversify the chip maker, which recently moved its headquarters to the U.S. from Singapore.


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This is a remarkable development in the Trump tariff debacle.  Broadcom is basically saying, we can't compete with the Chinks on chips, so we are going straight to Hyderabad to sling shitsmell code for $10 an hour.


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Broadcom is a filthy drunken whore ready to swallow whatever she can


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. said: Broadcom is a filthy drunken whore ready to swallow whatever she can

­:potd:


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https://www.theregister.co.uk/2018/07/13/broadcom_share_value_dives_after_ca_buy/



Broadcom’s share price has dipped by nearly 14 per cent after it announced its plan to acquire CA Technologies.


The $19bn deal, announced yesterday, was a bolt from the blue. It was also a major change from Broadcom’s most
recent quarterly earnings statement in which executives discussed extending the company’s lead in silicon, but didn’t
mention acquisitions and according to the transcript did not actually utter the word “software”.

Investment analysts are confused and unconvinced by Broadcom’s plan to create a mission-critical infrastructure company
spanning hardware and software. One labelled the deal “disturbing”.

Investors caned the company: Broadcom shares opened at US$244.39 on Wednesday, eased a dollar or so during trading
and then plummeted to $201.27. They’re a few cents shy of $210 at the time of writing, but down about 13.8 per cent in a
day - about $19bn of the company’s market capitalisation - for the company’s worst-ever trading day.


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. said: https://www.theregister.co.uk/2018/07/13/broadcom_share_value_dives_after_ca_buy/



Broadcom’s share price has dipped by nearly 14 per cent after it announced its plan to acquire CA Technologies.


The $19bn deal, announced yesterday, was a bolt from the blue. It was also a major change from Broadcom’s most
recent quarterly earnings statement in which executives discussed extending the company’s lead in silicon, but didn’t
mention acquisitions and according to the transcript did not actually utter the word “software”.

Investment analysts are confused and unconvinced by Broadcom’s plan to create a mission-critical infrastructure company
spanning hardware and software. One labelled the deal “disturbing”.

Investors caned the company: Broadcom shares opened at US$244.39 on Wednesday, eased a dollar or so during trading
and then plummeted to $201.27. They’re a few cents shy of $210 at the time of writing, but down about 13.8 per cent in a
day - about $19bn of the company’s market capitalisation - for the company’s worst-ever trading day.

­Made $7700 on AVGO puts on Friday. :cool:


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HOCK TAN



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