Broadcom Board Approves $12 Billion Stock Buyback Plan

Accuracy score :

Broadcom Board Approves $12 Billion Stock Buyback Plan

Analysis:  Broadcom has been operating on a dizzying acquisition spree, the products are baseline networking products although in demand. Broadcom wanted to acquire qualcomm which has non-baseline technology- did not materialize.

Conclusion: No effect to stock valuation.

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