buyback

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Broadcom favors stock buyback over investing in innovation

“They spend a premium on acquiring, but they then [implement] ruthless cost cutting and raising prices to pay that debt down quickly,” Bickley said. That’s been apparent since the company’s acquisition of virtualization software vendor VMware, where licensing prices have leapt upwards — although many customers have little choice but to continue to pay the spiralling prices. Broadcom’s statement quoted…