Broadcom Inc

Broadcom Inc's <AVGO.O> fourth-quarter earnings beat Street estimates on Thursday, but investors were put off by slowing growth in semiconductor business and a lukewarm revenue forecast for 2020, sending its shares down about 2% in extended trade.

Broadcom Inc forecast full-year 2020 revenue above Wall Street estimates on Thursday, as the company expects strong demand for its chips from rising 5G adoption.

Broadcom Inc said on Thursday demand for microchips had hit a bottom and would remain at current levels, a sign that an industry downturn may linger, and added that there was no clear indication as to when the recovery would take place.

Broadcom Inc reported quarterly revenue that missed Wall Street expectations on Thursday, as the company faces a slowdown in chip demand and macroeconomic uncertainty due to the U.S.-China trade war.

Private equity firms Permira and Advent International Corp have proposed a deal to buy Symantec Corp for more than $16 billion after the cyber security company agreed to a sale of a big chunk of its business, the Wall Street Journal reported on Friday.

Cybersecurity company Symantec Corp <SYMC.O> has walked away from negotiations to sell itself to chipmaker Broadcom Inc <AVGO.O> over price disagreements, people familiar with the matter said on Monday.

Cybersecurity company Symantec Corp and chipmaker Broadcom Inc have ceased deal negotiations, CNBC reported https://www.cnbc.com/2019/07/15/symantec-and-broadcom-cease-deal-negotiations-sources.html on Monday, citing sources.

Cybersecurity company Symantec Corp and chipmaker Broadcom Inc have ceased deal negotiations, CNBC reported https://www.cnbc.com/2019/07/15/symantec-and-broadcom-cease-deal-negotiations-sources.html on Monday, citing sources.

Broadcom Inc sent a shockwave through the global chipmaking industry on Friday with its forecast that U.S.-China trade tensions and the ban on doing business with Huawei Technologies would knock $2 billion off the company's sales this year.

* Indexes: Dow up 0.1%, S&P flat, Nasdaq down 0.8% (Updates to late afternoon)

* Indexes down: Dow 0.14%, S&P 0.25%, Nasdaq 0.54% (Updates to early afternoon)

Trade-sensitive technology stocks led losses in European markets on Friday after U.S. chipmaker Broadcom's sales warning and disappointing industrial data out of China came as the clearest signs yet of the damage trade war may do to global growth.

* Indexes down: Dow 0.16%, S&P 0.24%, Nasdaq 0.53% (Updates prices, comments)

* Indexes down: Dow 0.38%, S&P 0.37%, Nasdaq 0.64% (Updates to open)

* Futures down: Dow 0.13%, S&P 0.22%, Nasdaq 0.70% (Updates prices, adds comments)

U.S. stock index futures dropped on Friday, as the long-feared hit to global growth from President Trump's trade war crystalised in slashed sales forecasts from chipmaker Broadcom, and signs of the worst slowdown in Chinese industry in 17 years.

Technology shares led European shares lower on Friday after U.S. chipmaker Broadcom warned of a broad slowdown in demand due to trade tensions and the U.S. ban on Chinese tech and mobile phone company Huawei Technologies.

Broadcom Inc on Thursday warned of a broad slowdown in chip demand, blaming a trade conflict between the United States and China and export restrictions on Huawei Technologies Co Ltd and the chipmaker cut its revenue forecast for the year by 8%.

The U.S. Supreme Court on Friday agreed to hear an appeal filed by a subsidiary of chipmaker Broadcom Inc <AVGO.O> seeking to put an end to a shareholder lawsuit concerning its 2015 acquisition of Emulex Corp.