How Will Avago (AVGO) Stock Be Helped By Sale of LSIs Axxia Networking Business to Intel (INTC)?

Thursday, August 14, 2014
NEW YORK (TheStreet) -- Avago Technologies will sellย LSI's Axxia Networking Business to Intel ย for $650 million in cash. The Axxia business mainly includes networking and infrastructure products for wireless networks and enterprise gateways. Avago, which designs and develops analog semiconductors,ย bought LSI in December last year for $6.6 billion, and has been divesting units as it seeks to ...

 

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