Hostile bid begins
Chipmaker Broadcom will take its first formal step on Monday toward a hostile bid to take over Qualcomm and will unveiling nominees who Qualcomm shareholders can vote on to replace the US semiconductor company’s board of directors.
Comment: Don your tin foil hat
This morning Apple’s official news agency Reuters ran a yarn about how beautiful life will be if Broadcom takes over Qualcomm.
The Broadcom problem remains
A report said that Qualcomm will gain permission from Japanese and European regulators that will allow it to press ahead with its acquisition of NXP.
Not in best interest of shareholders
As Fudzilla suspected, Qualcomm’s board of directors has unanimously rejected Broadcom's offer to acquire it. The board thinks it is not good for shareholders and that it dramatically undervalues Qualcomm.
Qualcomm is drawing up its battle plans to fight off a hostile takeover from Broadcom.
Could set Broadcom against Intel
The business press seems keen to talk up Broadcom’s unlikely Qualcomm takeover and portray it as the best thing since sliced bread.
Fudzilla calls it highly unlikely
The part of Wall Street that covers IT is shaking as Broadcom - trading as Avgo - has made an official offer to take over Qualcomm at $70 per share in a $130 billion cash and stock deal.
Broadcom said it is sampling the first mass-market chip that can take advantage of new global navigation satellite signals and will give the next generation of smartphones 30-centimetre's accuracy instead of five metres.
Suitors are lining up for Toshiba's semiconductor business.
AMD placing USB 3.1 chipset orders as well
According to sources from motherboard makers, Intel is planning to add USB 3.1 and Wi-Fi functionality to its upcoming 300-series motherboard series scheduled to be released at the end of 2017.