Broadcom Ltd. (AVGO) to Acquire Brocade (BRCD) in ~$5.9B Deal
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Broadcom Limited to Acquire Brocade Communications Systems Inc. for $5.9 Billion
November 2, 2016 7:05 AM EDTBroadcom to retain Brocades Fibre Channel SAN Switching business and divest Brocades IP Networking business, including recently acquired Ruckus WirelessStrategic acquisition strengthens Broadcoms portfolio of enterprise storage and networking solutions serving OEM customers$900 million of pro-forma non-GAAP EBITDA expected to be added in FY2018Immediately accretive to Broadcoms non-GAAP EPS
SINGAPORE and SAN JOSE, Calif., Nov. 02, 2016 (GLOBE NEWSWIRE) -- Broadcom Limited (Nasdaq: AVGO) and Brocade Communications Systems, Inc. (Nasdaq:... More
Broadcom Limited Affirms Fourth Quarter Fiscal Year 2016 Guidance and Tightens Revenue to Upper End of Range. Broadcom Limited to Announce Fourth Quarter and Fiscal Year 2016 Financial Results on Thur
November 2, 2016 7:03 AM EDTSAN JOSE, Calif., and SINGAPORE, Nov. 02, 2016 (GLOBE NEWSWIRE) -- Broadcom Limited (Nasdaq: AVGO), a leading semiconductor device supplier to the wired, wireless, enterprise storage, and industrial end markets, today affirmed its fourth quarter fiscal year 2016 non-GAAP guidance originally provided on September 1, 2016, and tightened revenue outlook based on current business trends and conditions.
Non-GAAP net revenue for the fourth quarter of fiscal year 2016 is now expected to be between $4,100 million to $4,175 million, compared to the previously provided range of $4,025 million to $4,175 million. GAAP net revenue for the fourth quarter fiscal year 2016 is... More
