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Slide #85. Avago Technologies Limited — CyOptics
Avago Technologies Limited (NASDAQ:AVGO)
Avago Technologies Limited, a leading supplier of analog interface components for communications, industrial and consumer applications, today announced the execution of a definitive agreement to acquire CyOptics, Inc., a leader in Indium Phosphide (InP) optical chip and component technologies for the data communications and telecommunications markets, for an aggregate acquisition price of approximately US$400 million in cash.
Broadcom is a holding company. Through its subsidiaries, Co. designs, develops and supplies of a range of semiconductor and infrastructure software solutions. Co. develops semiconductor devices with a focus on digital and mixed signal complementary metal oxide semiconductor based devices and analog III-V based products. Co.'s infrastructure software solutions enable customers to plan, develop, automate, manage and secure applications across mainframe, distributed, mobile and cloud platforms. Co. provides a cyber security solutions portfolio, including endpoint, network, information and identity security solutions, and provides mission critical fibre channel storage area networking products.
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Strong Buy (3.64 out of 4)