Symantec Broadcom acquisition

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Symantec Broadcom acquisitiongrocery gateway promo code july 2020

We are pleased to welcome the talented team of employees at Symantec Enterprise Security to the Broadcom family. Of the companies that Symantec has acquired, 50 were based in the United States. The acquisition became effective on November 4, 2019. Disclaimer. We undertake no intent or obligation to publicly update or revise any of the estimates and other forward-looking statements made in this release, whether as a result of new information, future events or otherwise, except as required by law.Broadcom Inc. (AVGO) Dips More Than Broader Markets: What You Should KnowDell's latest Chromebook blends enterprise security with premium specsShould You Invest in the Invesco Dynamic Semiconductors ETF (PSI)?China’s Days as World’s Factory Are Over, IPhone Maker SaysTesla shareholder on stock split announcement: 'This has been a long time in the making'Here's where VP pick Kamala Harris stands on Big Tech, taxes, marijuanaStream, whose APIs help product teams build chat and activity feeds fast, just raised a $15 million Series A roundFannie, Freddie Will Impose New Fee on Most Mortgage RefinancesA mass exodus from American cities? "Symantec's Enterprise Security business expands our footprint of mission critical infrastructure software for the Global 2000. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. Symantec's Enterprise Security business will now operate as the Symantec … Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Chipmaker Broadcom is buying cybersecurity specialist Symantec Corporation's enterprise security business for $10.7 billion in cash, the companies announced Thursday. The company said following the Symantec acquisition in the first quarter of 2020, it expects 29% of its total revenue to come from software, up from a projected 22% in 2019.Broadcom aims to "build one of the world's leading infrastructure technology companies across hardware and software," CEO Hock Tan said on a call with analysts on Thursday. Broadcom's were up less than half a percent.

The Symantec acquisition could hurt Broadcom’s balance sheet structure. The semiconductor company will acquire Symantec’s enterprise security business for what is a fairly significant price tag, and apparently part of Avago CEO Hock Tan’s apparent ‘growth by acquisition’ strategy. Symantec's shares were up nearly 3% in after hours trading Wednesday. All content of the Dow Jones branded indices Copyright S&P Dow Jones Indices LLC 2018 and/or its affiliates.What it means for Hong Kong as US revokes its special trade statusHong Kong's business world divided over national security lawAre Chinese shoppers ready to spend?

And it comes just over a year after Broadcom's $117 billion bid for rival The Trump administration argued that the proposed takeover would cause Qualcomm to fall behind in next-generation 5G technology, allowing competitors such as China's Huawei to gain an edge. Analyst Take: This acquisition by Broadcom (parent company Avago) has been rumored for months, so news of a deal between the two is no surprise. SAN JOSE, Calif., Nov. 4, 2019 /PRNewswire/ -- Broadcom Inc. (NASDAQ: AVGO), a global technology leader that designs, develops and supplies semiconductor and infrastructure software solutions, today announced that it has completed its acquisition of the Enterprise Security business of Symantec Corporation (NASDAQ: SYMC). "Particular uncertainties that could materially affect future results include risks associated with: our Symantec Corporation ("Symantec") transaction, including (1) potential difficulties in employee retention, (2) unexpected costs, charges or expenses, and (3) our ability to successfully integrate the Symantec enterprise business and achieve the anticipated benefits of the transaction; any loss of our significant customers and fluctuations in the timing and volume of significant customer demand; our dependence on contract manufacturing and outsourced supply chain; global economic conditions and concerns; any acquisitions we may make, such as delays, challenges and expenses associated with receiving governmental and regulatory approvals and satisfying other closing conditions, and with integrating acquired companies with our existing businesses and our ability to achieve the benefits, growth prospects and synergies expected by such acquisitions, including our recently completed transaction with Symantec; government regulations and trade restrictions; our ability to accurately estimate customers' demand and adjust our manufacturing and supply chain accordingly; our significant indebtedness, including the additional significant indebtedness that we have incurred in connection with the Symantec transaction and the need to generate sufficient cash flows to service and repay such debt; dependence on and risks associated with distributors of our products; dependence on senior management and our ability to attract and retain qualified personnel; international political and economic conditions; involvement in legal and administrative proceedings; our dependency on a limited number of suppliers; quarterly and annual fluctuations in operating results; cyclicality in the semiconductor industry or in our target markets; our competitive performance and ability to continue achieving design wins with our customers, as well as the timing of any design wins; prolonged disruptions of our or our contract manufacturers' manufacturing facilities or other significant operations; our ability to improve our manufacturing efficiency and quality; our dependence on outsourced service providers for certain key business services and their ability to execute to our requirements; our ability to maintain or improve gross margin; our ability to protect our intellectual property and the unpredictability of any associated litigation expenses; compatibility of our software products with operating environments, platforms or third-party products; our ability to enter into satisfactory software license agreements; sales to our government clients; availability of third party software used in our products; use of open source code sources in our products; any expenses or reputational damage associated with resolving customer product warranty and indemnification claims; our ability to sell to new types of customers and to keep pace with technological advances; market acceptance of the end products into which our products are designed; our ability to protect against a breach of security systems; changes in accounting standards; fluctuations in foreign exchange rates; the amount and frequency of our stock repurchases; our provisions for income taxes and overall cash tax costs, legislation that may impact our overall cash tax costs and our ability to maintain tax concessions in certain jurisdictions; and other events and trends on a national, regional and global scale, including those of a political, economic, business, competitive and regulatory nature.Our filings with the SEC, which you may obtain for free at the SEC's website at https://www.sec.gov, discuss some of the important risk factors that may affect our business, results of operations and financial condition.

At the end of November 2019, I reported in my German article Symantec-Übernahme durch Broadcom abgeschlossen that Broadcom had declared the Symantec acquisition as completed.. Broadcom’s Symantec acquisition was completed today. Previously, Broadcom acquired network equipment maker Brocade in 2017 and enterprise security company CA Technologies in 2018.

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