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Broadcom for CA: Do You Still Trust Hock Tan?


Shares of chip giant Broadcom (AVGO) are down $37.22, or 15%, to $206.21, and fell as low as $197.46, after the company last night said it will spend $19 billion in cash to buy CA (CA), the software vendor best known for mainframe programming tools. At the rate the price is going today, the stock is