U.S. Markets close in 6 hrs 22 mins

[$$] Fending Off an Attack, Qualcomm Tries Offense

Case in point: wireless-chip giant Qualcomm (QCOM), which is under a hostile takeover attack by even-more-gigantic rival, Broadcom (AVGO). Last week at the Consumer Electronics Show in Las Vegas, Qualcomm announced some new business it won in the radio frequency, or RF chip, business. Broadcom in early November made an unsolicited $130 billion bid for Qualcomm.