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Chris L

Broadcom Wastes More Money With Symantec Buy

Broadcom $AVGO is still broken up over not getting Qualcomm $QCOM. This time, it is rumored to want Symantec $SYMC. This AV software firm is out of date. Microsoft $MSFT gives SEP - security endpoint protection - free with Windows.

SYMC is over-valued. It is up ~20% in pre-market.

Source here.

Revenueis on a downtrend:

Source: BQ.

When SYMC-AVGO deal is announced, sell Symantec. Consider buying AVGO after it falls hard.

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