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Broadcom goes red on word of FTC competition investigation

Published 01/17/2018, 01:12 PM
© Reuters.  Broadcom goes red on word of FTC competition investigation
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  • Broadcom (NASDAQ:AVGO) has tumbled into negative ground on the day, quickly down 1%, on word from The Wall Street Journal that the Federal Trade Commission is investigating whether it engaged in anticompetitive tactics in customer negotiations.
  • The company has changed some contracts so they call for customers to buy a percentage of output of a certain item, rather than an absolute number, sources told WSJ.
  • The probe has been ongoing for months, according to the report.
  • The limited scope of the probe reportedly does not cover Broadcom's wireless segment.
  • Now read: Broadcom: Great Buy-The-Dip Opportunity


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