81–90 of 126 posts
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Not true. Moving your legal address to the US doesn't make it a US company. The headquarters is currently in Singapore.
Wasn't Broadcom founded by a few UCLA folks in the early 90's?
Will Broadcom still move their HQ to the US? https://www.reuters.com/article/us-qualcomm-m-a-broadcom/sin... And will Intel buy any of the companies involved? https://www.wsj.com/articles/intel-considers-possible-bid-fo...
1) The domicile issue nearly prevented Broadcom from acquiring Brocade previously. They're going to continue to get blocked, as CFIUS gets more aggressive. There's zero benefit to remaining in Singapore for Broadcom. Their corporate income tax rate is barely lower than the US now as well.
2) Broadcom may want to attempt another shot at acquiring Qualcomm later, or perhaps another large US tech trophy. They won't be able to do that from Singapore.
Is there a free market argument in favor of the take over? Seems like almost nobody wanted this. How did the market go wrong here?
There's nothing about market systems that typically prevent stupid decisions. The market system, in theory and often in practice, delivers consequences from stupid decisions (see: IBM's current weakened condition and recent 23 straight quarters of contracting sales, while they blow all their profit on share buybacks and further concede the cloud biz - which they were early on - to AWS/Azure/Google).
There are no systems that do not consist of fallible humans. Whether we're talking traditional Socialism, Communism, Fascism, mixed systems, quasi free market, laissez faire.
It's good news. State-sponsored 5G in the USA would be great, and unprecedented. Hopefully we can agree on that.
Why? Obviously we all want faster mobile data, but how do you think the government will improve on what telcos would do on their own?
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Just because you and your social group continually assert in any marginally relevant forum that Trump is "completely devoid of ethics" and a "completely evil man"(to take two choice quotes from this thread) doesn't make it true - no matter how much you wish for it.
Just to be clear, we're talking about the same guy that settled a fraud case for $25M right as he was taking office and said that the judge on the case couldn't be fair because he's of Mexican decent.
Kushner israel money
If you look at CNBC video on the deal ( https://www.cnbc.com/2018/03/12/us-tells-broadcom-it-confirm... ) which talks about the Government concerns there are two parts: 1) Its a foreign company takeover. This will not hold as Broadcom is domiciling in the US soon. 2) Broadcom has publicly stated that it intends to do private equity style management. They are going to add $100B in debt - which might make them cut R&D.…
CIFUS doesn't exist to force US companies to spend money on R&D.
But Broadcom is an American company. Avago was spun out of HP in 1999 (American). They were acquired by KKR and Silver Lake Partners in 2005 (both American). Listed on the NASDAQ in 2009. Bought CyOptics in 2013 (American). Bought LSI in 2013 (American). Bought PLX in 2014 (American). Bought Emulex in 2015 (American). And finally bought Broadcom in 2015, closing in January 2016 (American). Then they renamed themselve…
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Why? Obviously we all want faster mobile data, but how do you think the government will improve on what telcos would do on their own?
Well, the difference is that I can’t vote AT&T, Comcast, and Verizon out in four years.
I strongly recommend sonic.net and unwired ltd if they have coverage where you are (sf, north and east bay, mostly)
I wish municipal broadband was the rule in the US instead of the exception.
It’s much easier to vote your local mayor out than it is to vote the president and majority of congress out, especially over a local government service issue.
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Why? Obviously we all want faster mobile data, but how do you think the government will improve on what telcos would do on their own?
China will get there faster if we leave it up to private commerce, because private commerce must strike a deal to build infra whereas the government can pass a bill. Imagine if highways were private endeavors, we'd never have a road system. Thank Eisenhower (and the threat of the missile attacks) for that. Assuming another [super]power achieves 5G first, not only will their network be faster, but they will control th…