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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Broadcom Inc.    AVGO

BROADCOM INC.

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Broadcom Settles Chip Dispute With EU Regulators

10/07/2020 | 06:56am EST

By Valentina Pop

BRUSSELS -- U.S. chip maker Broadcom settled an antitrust dispute with the European Union, a year after EU officials revived a seldom-used power ordering the company to stop allegedly anticompetitive contract terms with its customers.

The European Commission, the bloc's top antitrust watchdog, on Wednesday said it accepted Broadcom's legally binding commitments to refrain from any exclusivity arrangements for chips used in television set-top boxes and internet modems.

"Existing chipset makers competing with Broadcom and potential new entrants will be able to compete on the merits," said European Commission Executive Vice-President Margrethe Vestager.

Broadcom didn't immediately comment on the decision.

Last October, Ms. Vestager revived interim measures, an injunction that hadn't been used since 2001, to order Broadcom to suspend the contested agreements while she was investigating the case.

She has since pledged to make more use of this power as she investigates other companies for alleged antitrust violations, including Google, Apple, Amazon and Facebook.

Write to Valentina Pop at valentina.pop@wsj.com

(END) Dow Jones Newswires

10-07-20 0655ET

Stocks mentioned in the article
ChangeLast1st jan.
ALPHABET INC. 1.30% 1787.02 Delayed Quote.33.42%
APPLE INC. 0.48% 116.59 Delayed Quote.58.05%
BROADCOM INC. 1.05% 394.95 Delayed Quote.24.98%
FACEBOOK INC 0.81% 277.81 Delayed Quote.35.35%
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Financials (USD)
Sales 2020 23 856 M - -
Net income 2020 2 641 M - -
Net Debt 2020 34 485 M - -
P/E ratio 2020 65,9x
Yield 2020 3,29%
Capitalization 160 B 160 B -
EV / Sales 2020 8,14x
EV / Sales 2021 7,28x
Nbr of Employees 19 000
Free-Float 97,5%
Chart BROADCOM INC.
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Broadcom Inc. Technical Analysis Chart | AVGO | US11135F1012 | MarketScreener
Technical analysis trends BROADCOM INC.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 34
Average target price 400,90 $
Last Close Price 394,95 $
Spread / Highest target 13,9%
Spread / Average Target 1,51%
Spread / Lowest Target -19,0%
EPS Revisions
Managers
NameTitle
Hock E. Tan President, Chief Executive Officer & Director
Henry Samueli Chairman
Boon Chye Ooi Senior Vice President-Global Operations
Thomas Harry Krause Chief Financial Officer
Andy Nallappan Chief Information Officer & Vice President