Broadcom Gives Upbeat Sales Forecast on Data Center Growth
Cloud data center demand is driving growth in products responsible for more than half of Broadcom's revenue, CEO Hock Tan said
• The company makes network switching chips and chips that control storage devices for the data center market
• Its shares remain down this year after a drop that followed the announcement that Broadcom will buy CA Technologies, which puzzled the market
• Tan said he's buying CA to give his sales teams more access to the software maker's customers