The WSJ reported today that the $11 offer to ELX may be a "come to the table and work this out or we are out of here" offer. Maybe ELX would rather just enjoy the ride and go back to their $6.16 share price. It's all part of the dance, IMO.
BRCM will go as high as $15- then brcm will please ELX then ELX will be friendly then BRCM shareholders will be unhappy then BRCM will make sure to perform better then and then only will all of us be happy. thanks!