Just as Broadcom (AVGO) was returning back above $300, the company became engaged in another debt fueled buyout attempt. The stock has plummeted on news of an attempt to acquire Symantec (SYMC) in a deal valued at up to $22 billion. The move right after a big warning isn't what the market wants from the chip giant.

The long held fear regarding Broadcom is that the company is using acquisitions to hide a weak core business due to the company under-investing in operations. The chip giant constantly uses the synergies from a new merger to boost profits while burying that the core business is struggling. In the process, the constant rollups become more and more difficult to integrate and nearly impossible to replicate.

Even the company itself admits to a recent history of large scale acquisitions with a combination of LSI, Broadcom and CA Technologies in recent years. The company even failed to acquire Qualcomm (QCOM).

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