Qualcomm Inc. launched its public defense against the $105 billion hostile takeover attempt by Broadcom Ltd, asking shareholders to have confidence in management’s strategy and push aside the suitor.[...]
A couple of stock analysts voiced some skepticism about new promises from Qualcomm as it tries to fend off a hostile bid from Broadcom. Despite some skepticism from the Street, Qualcomm shares closed up more than 4% on Tuesday following its talk of cost cuts and bright market prospects, while Broadcom shares declined.[...]
Qualcomm Inc (QCOM.O), the U.S. chipmaker fending off a hostile bid by Broadcom Ltd (AVGO.O), raised its profit forecast on Tuesday and said it might use funds to buy back stock if its $38 billion bid to acquire NXP Semiconductors NV (NXPI.O) fails.[...]
It’s do or die for QUALCOMM, Inc. (NASDAQ: QCOM). Amid a hostile takeover bid from Broadcom Limited (NASDAQ: AVGO), Qualcomm ...[...]
CEO Steve Mollenkopf and other Qualcomm executives attacked Broadcom's hostile offer as sheer opportunism that undervalues the company. Qualcomm's bid for NXP has its own detractors, as Ramius Advisors said it will reject the offer....AVGO[...]
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Qualcomm fought back against Broadcom, pledging a billion dollars in cost cuts, driving its shares higher, prices targets rose at multiple shops on Amazon on a variety of opportunities in the business, Twitter was liked by hedge fund Greenlight Capital and also Aegis Capital analyst Victor Anthony, and Toni Sacconaghi warned tax rate changes may not help IBM, and that its software business is still precarious.[...]


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