U.S. Markets open in 2 hrs 18 mins

Qualcomm: Broadcom Would Throw Licensing to the Wolves, Says Bernstein

Bernstein’s Stacy Rasgon today offers up a think piece about Broadcom’s (AVGO) intentions with respect to its offer to buy Qualcomm (QCOM), an offer Qualcomm rejected on Monday but Broadcom then immediately insisted it still wants to pursue. Rasgon had speculated earlier this week that Broadcom might lower the licensing and royalty charges it commands, in order to smooth things over with customers such as Apple (AAPL), which has blocked payment of royalties Qualcomm said it is owed, and which has cooperated with regulatory authorities investigating Qualcomm’s business practices.