Broadcom Announces $1.0 Billion Share Repurchase Program
Broadcom’s Board of Directors has authorized a new program to repurchase shares of Broadcom’s Class A common stock having an aggregate value of up to $1.0 billion, depending on market conditions and other factors. Repurchases under the program may be made at any time during the period commencing July 31, 2008 and extending through and including July 31, 2011.
Since 2005, Broadcom has previously spent $2.43 billion to repurchase stock prior to the program announced today. http://www.broadcom.com
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Every article published by Converge Digest is researched, curated, fact-checked and editorially reviewed by Jim Carroll, Editor & Publisher. AI-assisted drafting may be used to accelerate production, but all content is reviewed, refined and approved prior to publication.
You just read about Broadcom. One of the companies whose work it now carries:
BroadLight built GPON processors and broadband access silicon. What became of it?
BroadLight brought GPON processors and broadband access silicon to Semiconductor. That work was distinctive enough to lead to its acquisition by Broadcom for US$230M. The standalone name now passes into the archive — but the team and technology continue inside Broadcom today. One of 430 names here whose work outlived the company.
