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Broadcom Warns of Soft Enterprise Demand; Shares Slip

Broadcom Inc., a chipmaker that supplies Apple Inc. and other large electronics makers, warned about soft demand from corporate customers. The shares slipped more than 2% in extended trading.

“We concluded the year with strong fourth quarter results driven by continued demand for networking from cloud and for broadband from service providers as well as the significant ramp in wireless, even as enterprise demand remained soft,” Chief Executive Officer Hock Tan said in a statement.