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    AVGO   US11135F1012

BROADCOM INC.

(AVGO)
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Delayed Nasdaq  -  04:00 2022-09-30 pm EDT
444.01 USD   -1.36%
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Broadcom Software President Departs, Duties Shift to CEO

07/11/2022 | 06:38am EDT

By Dean Seal


The president of Broadcom Inc.'s software business is leaving the company for another job, and will have his responsibilities taken over by Chief Executive Hock Tan, according to a regulatory filing.

The microchip powerhouse said Monday that Thomas H. Krause has accepted a role at a privately-held enterprise software company and will formally depart on July 15.

The unit's president position will be eliminated as Mr. Tan will be assuming Mr. Krause's responsibilities, Broadcom said.

The filing noted that Mr. Krause's resignation isn't the result of any disagreement with the company or management, and that he will assist in the transition.

Broadcom also said its chief operating officer, Charlie B. Kawwas, is now the president of the Semiconductor Solutions Group, the company's semiconductor portfolio. He will remain responsible for global operations and sales in both the semiconductor and brocade storage networking business segments.


Write to Dean Seal at dean.seal@wsj.com


Corrections and Amplifications

This article was corrected at 2:16 p.m. ET because it incorrectly stated Mr. Krause was the president of Broadcom in the headline and article. Thomas Krause is resigning as president of Broadcom's software business.

(END) Dow Jones Newswires

07-11-22 0838ET

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Analyst Recommendations on BROADCOM INC.
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Financials (USD)
Sales 2022 33 174 M - -
Net income 2022 11 322 M - -
Net Debt 2022 26 538 M - -
P/E ratio 2022 16,9x
Yield 2022 3,69%
Capitalization 180 B 180 B -
EV / Sales 2022 6,22x
EV / Sales 2023 5,69x
Nbr of Employees 20 000
Free-Float 97,6%
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Technical analysis trends BROADCOM INC.
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 26
Last Close Price 444,01 $
Average target price 655,02 $
Spread / Average Target 47,5%
EPS Revisions
Managers and Directors
Hock E. Tan President, Chief Executive Officer & Director
Kirsten M. Spears VP, Chief Financial & Accounting Officer
Henry Samueli Chairman
Alan Davidson Chief Information Officer
Charlie B. Kawwas COO & President-Semiconductor Solutions Group
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