(Avago) is splitting Broadcom up into pieces. Part of the company was sold to Cyprus Semiconductor (IOT business). Part of the company that does NFC is being sold to someone else. The acquirer I’m told only wants to keep about 25%-30% of that group.
Package I heard is pretty good, and stock is making a killing. Avago is a terrible employer to work for, but as an investment probably very good in the sector.
Think of Avago similar to Foxconn. The don’t give a hoot about employees, which probably means for shareholders it’s a good thing
Good call flu,
Have always had a little trouble with laying off people while making profits and stock going up. I guess employees are a liability, especially in sue happy California.
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