|Bid||66.65 x 100|
|Ask||66.90 x 100|
|Day's Range||66.00 - 66.95|
|52 Week Range||48.92 - 70.24|
|PE Ratio (TTM)||25.55|
|Earnings Date||Jan 23, 2018 - Jan 29, 2018|
|Forward Dividend & Yield||2.28 (4.18%)|
|1y Target Est||63.17|
U.S. smartphone chipmaker Qualcomm (QCOM.O) is set to win “imminent” Japanese antitrust clearance for its $38-billion bid for NXP Semiconductors (NXPI.O) and gain Europe’s approval by the end of the year with slight tweaks to its concessions, a person familiar with the matter said. Winning the green light from both competition authorities would take Qualcomm a major step forward to closing the deal and reinforce its fight against an unsolicited $103-billion takeover bid from Broadcom. The Japan Fair Trade Commission (JFTC) "is expected to clear Qualcomm’s acquisition of NXP imminently," the source said.
U.S. smartphone chipmaker Qualcomm is set to win “imminent” Japanese antitrust clearance for its $38-billion bid for NXP Semiconductors and gain Europe’s approval by the end of the year with slight tweaks to its concessions, a person familiar with the matter said. Winning the green light from both competition authorities would take Qualcomm a major step forward to closing the deal and reinforce its fight against an unsolicited $103-billion takeover bid from Broadcom. The Japan Fair Trade Commission (JFTC) "is expected to clear Qualcomm’s acquisition of NXP imminently," the source said.
Closing a deal to buy NXP Semiconductors was going to be complicated enough for Qualcomm. Closing the deal while fending off a hostile takeover by Broadcom could make for an even bigger headache.
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.
Qualcomm (QCOM) rejected Broadcom’s (AVGO) takeover bid, in part, because there's uncertainty surrounding the deal getting regulatory approval.
QCOM shareholders appear to be interested in AVGO offer, though the former's board has unanimously rejected the latter's first acquisition bid.
In just one week, Qualcomm’s board rejected Broadcom's $70-per-share offer on the grounds that it undervalued the stock and brought regulatory uncertainty.
As reports came in that Broadcom was considering a bid for Qualcomm, the latter’s rising share price triggered more than $1.1 million in automated stock sales in one Qualcomm executive’s trading plan. Matthew S. Grob, executive vice president, technology of Qualcomm’s (QCOM) Qualcomm Technologies unit, had a Rule 10b5-1 in place. In 2016, Qualcomm’s shares rallied, triggering more than $12.7 million in stock sales in Grob’s plan, mostly in the second half of the year and most of the shares sold were through a trust that he controlled.
NXP Semiconductors may cost Qualcomm up to $140 per share now, Jim Cramer says, while Broadcom will have to pay up for Qualcomm, if it wants to pull off an agreement.
October's larger number of tendered shares turned out to be temporary, but the deal is still inching towards the finish line. The only thing that's certain is that this $47 billion deal never gets boring.
TheStreet's founder and Action Alerts PLUS Portfolio Manager Jim Cramer thinks Broadcom will be successful in its bid for Qualcomm.
San Jose-based Broadcom on Friday completed its $5.9 billion acquisition of Brocade Communications, after more than 11 months of regulatory review. The deal comes just weeks after Broadcom agreed to move its legal address from Singapore to the U.S., in hopes of making it easier to get regulatory approval for future acquisitions of domestic companies. Its acquisition of Brocade had been held up over the summer by the U.S. Committee on Foreign Investment, which oversees all foreign acquisitions.
Broadcom Ltd said on Friday it completed its $5.5 billion acquisition of network gear maker Brocade Communications Systems Inc. Broadcom, which made a $103 billion bid for smartphone chip supplier Qualcomm ...
UnitedHealthcare and Qualcomm Incorporated , through its subsidiary Qualcomm Life, have integrated wearable devices from Samsung Electronics America Inc. and Garmin International, Inc., into UnitedHealthcare Motion™.
SAN DIEGO, Nov. 17, 2017 /PRNewswire/ -- Qualcomm Incorporated (QCOM) today announced that Qualcomm River Holdings B.V., an indirect wholly owned subsidiary of Qualcomm, has extended the offering period of its previously announced cash tender offer to purchase all of the outstanding common shares of NXP Semiconductors N.V. (NXPI). The tender offer is being made pursuant to the Purchase Agreement, dated as of October 27, 2016, by and between Qualcomm River Holdings B.V. and NXP. The tender offer is now scheduled to expire at 5:00 p.m., New York City time, on December 15, 2017, unless extended or earlier terminated, in either case pursuant to the terms of the Purchase Agreement.
- End-to-end 5G NR system compliant with the 5G New Radio (NR) layer 1 standard framework currently being finalized by 3GPP - End-to-end 5G NR system utilizing ZTE's 5G NR pre-commercial base station and ...
The U.S. telecom industry remained rather subdued last week. Nevertheless, a few developments are worth taking note of.