Dell’s planned purchase of enterprise data-storage giant EMC (EMC) for $67 billion could kick off a new round of mergers and acquisitions in the information-technology hardware sector, analysts say. The deal, announced Monday morning, would be the largest-ever pure-technology acquisition, topping chipmaker Avago Technologies’ (AVGO) pending $37 billion agreement to acquire Broadcom (BRCM). Dell and private-equity firm Silver Lake Partners agreed
Semiconductor manufacturer Avago Technologies (AVGO) suffered a price target cut Monday after its soon-to-be acquisition Broadcom (BRCM) offered Q3 guidance that fell slightly short of Wall Street’s forecast. For Q3, ending Sept. 15, Broadcom guided to $2.135 billion in revenue, just behind the consensus of 35 analysts polled by Thomson Reuters who forecast $2.166 billion. Broadcom reported its Q2 earnings in a press release Thursday rather than a
Intel (INTC) on Monday will announce a deal to buy Altera (ALTR) for nearly $17 billion, or about $54 a share, according to multiple reports, with the aim of reinforcing its dominance in server chips. That continues a recent run of semiconductor M&A, following last week’s $37 billion deal by Apple (AAPL) supplier Avago Technologies (AVGO) for Broadcom (BRCM). Intel-Altera deal buzz has waxed and waned since the Wall Street Journal reported talks