Not sure about the reputation of this citi analyst..
I can only know that citi was bankrupt before they bailed them out.
Their stock was trading $50 down to 50 cents in 2009. The indian hired CEO who was supposed to save the company was fired.
doubt that Avago knew BRCM shareholder are going to accept deal before they bid. They just make an offer that is hard to resist.
Normally, the bid price is based on multiple of annual revenue/sales and not P/E.
Chips companies used to sell at 3-4 times sales.
You dont need to get bought. If they only make a bid that would give stock a boost.
What price do you think it will be? I think BRCM deserves higher multiple than mrvl though.
that explains the drop in price from 16. It seems they want to becompletely out.
i think they may beat the preannounced earning so price may get a push to 15.
QCOM went from 30 to 70 in last 5 years
MRVL is flat and did nothing
If they cant afford to pay a salary for someone here because they went for cheap labor overseas it does not mean they do not make money.