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4-Traders Homepage  >  Equities  >  Nasdaq  >  Broadcom Limited       SG9999014823

BROADCOM LIMITED
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Broadcom : Senate Democratic leader praises Trump's blocking Broadcom's takeover of Qualcomm

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03/13/2018 | 04:06pm CEST

WASHINGTON (Reuters) - Senator Chuck Schumer, the top Democrat in the U.S. Senate, on Tuesday praised President Donald's Trump's decision to block chipmaker Broadcom Ltd's (>> Broadcom Limited) proposed takeover of Qualcomm Inc (>> Qualcomm), calling China's trade practices "rapacious."

WASHINGTON (Reuters) - Senator Chuck Schumer, the top Democrat in the U.S. Senate, on Tuesday praised President Donald's Trump's decision to block chipmaker Broadcom Ltd's (>> Broadcom Limited) proposed takeover of Qualcomm Inc, calling China's trade practices "rapacious."

Trump on Monday blocked Broadcom's effort to buy Qualcomm on national security grounds, ending what would have been the technology industry's biggest deal ever amid concerns that it would give China the upper hand in mobile communications.

"President Trump and his administration made the right decision on blocking Broadcom from taking over Qualcomm," Senate Democratic Leader Chuck Schumer said in a speech on the Senate floor.

"We all know that China has been rapacious about trade and very smart. They look for places where they can steal our best technology," Schumer added.

(Reporting by Diane Bartz)

Stocks treated in this article : Qualcomm, Broadcom Limited
Stocks mentioned in the article
ChangeLast1st jan.
QUALCOMM -0.84% 58.7 Delayed Quote.-7.53%
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Financials ($)
Sales 2018 20 760 M
EBIT 2018 10 110 M
Net income 2018 11 710 M
Debt 2018 8 897 M
Yield 2018 2,60%
P/E ratio 2018 10,17
P/E ratio 2019 20,21
EV / Sales 2018 5,93x
EV / Sales 2019 5,74x
Capitalization 114 B
Chart BROADCOM LIMITED
Duration : Period :
Broadcom Limited Technical Analysis Chart | SG9999014823 | 4-Traders
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 39
Average target price 309 $
Spread / Average Target 19%
EPS Revisions
Managers
NameTitle
Hock E. Tan President, Chief Executive Officer & Director
James V. Diller Chairman
Boon Chye Ooi Senior Vice President-Global Operations
Thomas H. Krause Chief Financial Officer
Henry Samueli Chief Technical Officer & Director
Sector and Competitors
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BROADCOM INC1.58%114 180
TEXAS INSTRUMENTS8.83%111 978