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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 on track to close at its lowest level since Feb. 1st of last, according to Dow Jones' data gurus. Today’s is the largest percentage decline on record for Broadcom.