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  • willis936 - Monday, November 13, 2017 - link

    Exclusive! Photo from hidden camera inside board room.

    http://i0.kym-cdn.com/photos/images/original/000/4...
  • Samus - Tuesday, November 14, 2017 - link

    Photo from hidden camera of average share holder:

    http://media.beam.usnews.com/2d/30/cef7d4c3440fb1f...
  • rpg1966 - Monday, November 13, 2017 - link

    Standard reponse from target company.

    Funny how the target company always values itself *way* higher than the market does. Even current price + 28% (in this case) isn't enough!
  • quiksilvr - Monday, November 13, 2017 - link

    Qualcomm is literally twice the company Broadcom is and 5G is going to be huge. Strategically Broadcom should have offered this back in the beginning of 2016 when the Qualcomm's stock tanked to a little over 40.

    This isn't like Microsoft attempted to buy Yahoo for $48 billion. Yahoo was very much on the decline and idiotically rejected the deal when a much MUCH larger company had interest. Now they got sloppy seconds by Verizon for 1/10th the price and more people use Bing than Yahoo for search.
  • dgingeri - Monday, November 13, 2017 - link

    If you're comparing it to the old Broadcom, you'd be right. The company known as Broadcom today was known as Avago not long ago. They're a financial powerhouse that has been gobbling up tech companies for a decade, led by certain Democrat politically connected ultra rich individuals. You've probably never heard of them, since many aren't even publicly known. The board of directors are simply their henchmen. These people, most men but a few women, own companies such as Citibank, Progressive Insurance, and Comcast. Don't underestimate them.
  • Samus - Tuesday, November 14, 2017 - link

    Exactly, the issue here isn't whether Broadcom and raise the capitol to back there offer (they can) it's that Qualcomm thinks they will grow by 28% in the very near future. It's a gamble that is assuming the stock market will continue this ride.
  • londedoganet - Tuesday, November 14, 2017 - link

    It's rather strange that there's not a peep from the Republicans regarding these links. Perhaps Broadcom's decision to move their legal headquarters back to the USA has mollified them.
  • ganeshts - Monday, November 13, 2017 - link

    Not always. Some companies just accept the proposal / start negotiating (like Brocade and Broadcom probably did when Avago approached)

    Difference is that there is a public roadmap, and there is some internal evaluation on how they are progressing towards achieving what is in the roadmap / whether they can reach even beyond that.

    In any case, short term shareholder value increase is almost always inimical to long term growth. In this case, QCOM might be having a bunch of R&D projects that can generate revenue only 5+ years down the line. If AVGO takes over, rest assured only revenue generating segments of QCOM will remain and the rest will be shuttered / divested. Case in point - the IoT group in Broadcom was sold off to Cypress Semiconductors. But, AVGO probably missed the point that they could have also contributed to shaping the high-performance Wi-Fi products (which are still part of Broadcom)
  • webdoctors - Monday, November 13, 2017 - link

    Currently shows a market cap of 97.6B, obviously the stock has gone up a bit in the last week. The offer is only 5-7% more than the market cap price. QCOM is undervalued right now due to all the lawsuits and $1B fines they're under, but they're P/E ratio is super low. They can only go up from here since their base patent money will never stop.
  • PeachNCream - Monday, November 13, 2017 - link

    Qualcomm was saying right after the offer was made that wouldn't be accepted so this isn't a surprise. Has anyone heard if Broadcom is looking into buying a competitor?
  • dgingeri - Monday, November 13, 2017 - link

    About 10 years ago, the stock for Avago started seeing a major flux as old owners sold off the company and new investors came in. In late 2008, as a bunch of companies started becoming vulnerable due to the stock market disruption, and after a major change in the membership of their board, Avago started buying up several server component manufacturers. They bought up LSI, the ethernet division of Qlogic, PLX, and Broadcom, but also several small component manufacturers. They changed the name over to Broadcom Limited to disguise the changes, but in each case, they drove up the prices of the components significantly.

    I have since found out that the people behind this activity are ultrarich investors with strong connections to the Democratic party, and also have major stakes in Citibank, Comcast, and Sony/Columbia Pictures. These are people who wield immense wealth.

    Since the offer was declined, Qualcomm stock has seem a lot more buying activity than usual. Usually, when a buyout is declined like this, short term investors who thought they'd turn a big profit sell their shares back out to invest elsewhere, and the stick price drops back down to previous levels, but in this case, more people are buying into Qualcomm than selling out. This very well could be the cabal of investors behind Broadcom Limited buying into Qualcomm to alter the management to their favor. Don't underestimate them.
  • dgingeri - Monday, November 13, 2017 - link

    Be prepared for a hostile takeover. This is Avago/Broadcom we're talking about. They've been gobbling up tech companies for the last decade.
  • Samus - Tuesday, November 14, 2017 - link

    The SEC, FCC, and even the DoD may have a say in whether or not a foreign company will succeed with a "hostile takeover" of one of America's most valuable communication companies.
  • londedoganet - Tuesday, November 14, 2017 - link

    But Broadcom isn't "foreign"; they're moving their place of incorporation to Delaware... (/s, maybe)

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