Broadcom offers weak annual forecast, citing lower enterprise spending – SiliconANGLE

Shares of the chipmaker Broadcom Inc., which recently closed on its multibillion-dollar acquisition of VMware Corp., traded lower late today after the company reported results that failed to satisfy investors and offered an annual revenue forecast that came in below expectations.

The company blamed weak enterprise spending and stiffer competition in the networking chips industry for the lower forecast. The stock was down more than 1% in extended trading, after gaining 2% during the…