Broadcom reports better-than-expected quarterly proft after its bid to acquire Qualcomm intensifies
7 years, 3 months ago

Broadcom reports better-than-expected quarterly proft after its bid to acquire Qualcomm intensifies

Firstpost  

Broadcom’s move came after Qualcomm rejected its $70 per share bid, saying the offer undervalued the company and would face regulatory hurdles. Broadcom Ltd on 6 December reported a better-than-expected quarterly profit and boosted its dividend by 72 percent, days after the chipmaker took its $103 billion bid for Qualcomm Inc hostile. Shares of Broadcom rose 5 percent in extended trading after the company also forecast first-quarter revenue largely above analysts’ estimates. Excluding items, the company earned $4.59 per share in the quarter ended Oct. 29, easily beating analysts’ expectations of $4.52 per share.

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History of this topic

Qualcomm explores friendly takeover of Intel — Know more about potential transformational deal for chip sector
6 months ago

Qualcomm explores friendly takeover of Intel — Know more about potential transformational deal for chip sector

Live Mint  

Intel — once the world's largest chipmaker — might soon face a friendly takeover bid from Qualcomm. The company is headed toward its third consecutive year of shrinking sales with an estimated $52 billion revenue in 2024 — just 70% what it brought in back in 2021. A person in the know however told Bloomberg that CEO Pat Gelsinger still …

Qualcomm Gives Bullish Forecast After Phone Demand Perks Up
7 months, 3 weeks ago

Qualcomm Gives Bullish Forecast After Phone Demand Perks Up

Live Mint  

-- Qualcomm Inc., the world’s biggest seller of smartphone processors, gave a strong revenue forecast for the current period, indicating that demand for phones is rebounding. Phone makers have been helped by a spending recovery among Chinese consumers, and that’s translating into more orders for component makers like Qualcomm. Apple’s iPhone relies on Qualcomm for connectivity chips, not the main …

Qualcomm reaches $75 mln settlement over sales and licensing practices
9 months, 1 week ago

Qualcomm reaches $75 mln settlement over sales and licensing practices

The Hindu  

Qualcomm agreed to pay $75 million to resolve a lawsuit in which shareholders accused the chipmaker of defrauding them by hiding its anticompetitive sales and licensing practices. Shareholders accused Qualcomm of artificially inflating its share price between February 2012 and January 2017 by repeatedly describing its chip sales and technology licensing as separate businesses, when in fact Qualcomm bundled them …

Broadcom in talks to pay about $60 billion for VMware
2 years, 10 months ago

Broadcom in talks to pay about $60 billion for VMware

Live Mint  

Broadcom Inc. is in talks to pay around $60 billion for VMware Inc., people familiar with the matter said, in what would be one of the biggest takeover deals of the year. The VMware discussions, together with Elon Musk’s agreement late last month to buy Twitter Inc. for $44 billion, show that despite market volatility, major deals are still doable. …

Broadcom in advanced talks to buy VMware
2 years, 10 months ago

Broadcom in advanced talks to buy VMware

Live Mint  

Broadcom Inc. is in advanced talks to buy VMware Inc., according to people familiar with the matter, setting the stage for what would be one of the year’s biggest deals. The deal discussions, which picked up pace in recent days, come roughly six months after computing pioneer Dell Technologies Inc. spun off its 81% equity stake in VMware. VMware has …

Qualcomm achieves strong Q4 results due to early 5G rolout: Know details
4 years, 4 months ago

Qualcomm achieves strong Q4 results due to early 5G rolout: Know details

India TV News  

Bullish on the early success of its 5G rollout, chip-maker Qualcomm has posted strong results for its fourth quarter, logging $6.5 billion in revenue which is up 35 per cent. "Our fiscal fourth-quarter results demonstrate that our investments in 5G are coming to fruition and showing benefits in our licensing and product businesses," said Steve Mollenkopf, CEO of Qualcomm. Inching …

Qualcomm shares spike by 5 percent, beats Wall Street estimates for Q4 revenue
5 years, 4 months ago

Qualcomm shares spike by 5 percent, beats Wall Street estimates for Q4 revenue

Firstpost  

Qualcomm’s revenue in the Q4 fell about 17 percent to $4.81 billion, but beat analysts’ estimates of $4.70 billion. Qualcomm Inc forecast current-quarter profit above Wall Street expectations and beat estimates for fourth-quarter revenue from its closely watched licensing business, sending its shares up 5 percent in extended trading. The world’s biggest supplier of mobile phone chips expects between 1.75 …

Chipmaker Broadcom is in talks to buy cybersecurity company Symantec: Report
5 years, 8 months ago

Chipmaker Broadcom is in talks to buy cybersecurity company Symantec: Report

Firstpost  

A deal would expand Broadcom’s push into software a year after its $18.9 billion deal to buy US business software company CA Inc Chipmaker Broadcom Inc is in advanced talks to buy cybersecurity firm, Symantec Corp, according to sources familiar with the matter, as Broadcom seeks to diversify beyond semiconductors. A deal would expand Broadcom’s push into software a year …

Qualcomm's Q1 2018 profit exceeds forecasts, suggesting that a slowdown in global smartphone market is not as bad
6 years, 11 months ago

Qualcomm's Q1 2018 profit exceeds forecasts, suggesting that a slowdown in global smartphone market is not as bad

Firstpost  

The results announced in Qualcomm’s smartphone chip business contrasted to those from major mobile phone components makers in Asia. US chipmaker Qualcomm Inc’s quarterly profit and revenue topped Wall Street forecasts, suggesting that a slowdown in the global smartphone business might be less severe than feared after a string of weak forecasts from suppliers. Qualcomm said it expects the loss …

Broadcom unlikely to slow down its acquisition of Qualcomm despite Trump blocking it for national security reasons
7 years ago

Broadcom unlikely to slow down its acquisition of Qualcomm despite Trump blocking it for national security reasons

Firstpost  

Most analysts assume Broadcom will now walk away from Qualcomm, with some flagging San Jose-based Xilinx Inc and Israel’s Mellanox Technologies. Broadcom Ltd Chief Executive Hock Tan is unlikely to slow his acquisition spree after U.S. President Donald Trump blocked the microchip maker’s $117 billion bid for Qualcomm Inc on national security grounds, analysts said on Tuesday. Most analysts assume …

Qualcomm delays annual shareholder meet and a showdown with Broadcom after US national security panel steps in
7 years ago

Qualcomm delays annual shareholder meet and a showdown with Broadcom after US national security panel steps in

Firstpost  

Separately, Broadcom said the decision was the result of secret moves made by Qualcomm on 29 January to encourage an investigation into the proposed $117 billion buyout offer. A US national security panel on Sunday ordered Qualcomm to put off its 6 March annual shareholder meeting, delaying a long-awaited showdown in the company’s attempt to see off a takeover bid …

Qualcomm increases offer for NXP, cuts deal with holders
7 years, 1 month ago

Qualcomm increases offer for NXP, cuts deal with holders

Live Mint  

London/San Francisco: Qualcomm Inc. raised its offer for NXP Semiconductors NV and said it cut a deal with holders, in a bid to close a transaction that may be crucial to its own efforts to fend off a hostile approach by Broadcom Ltd. Qualcomm’s move may not end Broadcom’s attempt to purchase it though, according to Sanford C. Bernstein & …

Qualcomm should negotiate with Broadcom on a deal, ISS says
7 years, 1 month ago

Qualcomm should negotiate with Broadcom on a deal, ISS says

Live Mint  

San Francisco: Broadcom Ltd’s bid for Qualcomm Inc. is a good place to start negotiations between the two companies on what would be the biggest deal in the history of technology, according to Institutional Shareholder Services Inc. “Qualcomm’s optimistic vision of the future would likely resonate more effectively among shareholders if the company’s track record was more like that of …

Qualcomm rejects Broadcom's revised buyout offer of $121 billion and proposes a meeting to address the bid's deficiencies
7 years, 1 month ago

Qualcomm rejects Broadcom's revised buyout offer of $121 billion and proposes a meeting to address the bid's deficiencies

Firstpost  

Qualcomm’s response attempts to find balance between continued resistance to Broadcom’s takeover attempt and heeding the calls of some Qualcomm shareholders US semiconductor company Qualcomm Inc on 8 February rejected Broadcom Ltd’s revised $121 billion buyout offer, but proposed meeting its peer to see whether they can address what it called the bid’s “serious deficiencies in value and certainty.” Qualcomm’s …

Broadcom hopes to raise the Qualcomm Inc acquisition offer to $120 billion: Report
7 years, 1 month ago

Broadcom hopes to raise the Qualcomm Inc acquisition offer to $120 billion: Report

Firstpost  

Broadcom also plans to offer Qualcomm a higher-than-usual breakup fee in the event regulators thwart the deal, according to the sources. Broadcom Ltd plans to unveil a new approximately $120 billion offer for Qualcomm Inc on 5 February, aiming to ratchet up pressure on its US semiconductor peer to engage in negotiations, people familiar with the matter said on 4 …

Qualcomm earnings report beats revenue expectations as demand for its chips surges
7 years, 1 month ago

Qualcomm earnings report beats revenue expectations as demand for its chips surges

Firstpost  

Apple sued Qualcomm last January, accusing it of overcharging for chips and refusing to pay some $1 billion in promised rebates. Chipmaker Qualcomm Inc’s profit and revenue beat expectations as demand surged for its chips used in smartphones and cars, but an earnings forecast for the current quarter fell below analysts’ estimates due to tepid mobile sales in China. But …

Qualcomm takes another shot at ending Intel PC stranglehold
7 years, 3 months ago

Qualcomm takes another shot at ending Intel PC stranglehold

Live Mint  

San Francisco: Qualcomm Inc. is taking another stab at breaking into the market for personal-computer processors with a range of new devices it says will stay connected and run all day on one battery charge. The slim machines will have wireless connections via mobile phone chips that ensure they’re always receiving data and sip battery power in a way that …

Broadcom said to be considering sweetened Qualcomm bid
7 years, 4 months ago

Broadcom said to be considering sweetened Qualcomm bid

Live Mint  

New York: Chipmaker Broadcom Ltd is considering raising its offer to buy rival Qualcomm Inc. by offering more of its own stock, following consultation with several of Qualcomm’s top shareholders, according to people familiar with the matter. Broadcom’s chief executive Hock Tan has stated he is open to launching a takeover battle and people in the know had previously said …

Qualcomm rejects Broadcom acquisition offer, setting up $103 billion proxy fight
7 years, 4 months ago

Qualcomm rejects Broadcom acquisition offer, setting up $103 billion proxy fight

Live Mint  

San Francisco: Qualcomm Inc. rejected Broadcom Ltd’s $105 billion acquisition offer, kicking off what would be the largest technology takeover battle in history. “It is the board’s unanimous belief that Broadcom’s proposal significantly undervalues Qualcomm relative to the company’s leadership position in mobile technology and our future growth prospects,” said Paul Jacobs, executive chairman and chairman of the board of …

Qualcomm plans to reject Broadcom's $103 billion buyout; says $70 per share bid undervalues the company
7 years, 4 months ago

Qualcomm plans to reject Broadcom's $103 billion buyout; says $70 per share bid undervalues the company

Firstpost  

Broadcom has also been deliberating the possibility of raising its bid for Qualcomm, including through more debt financing, some of the sources said, although it was not clear when Broadcom would choose to make such a move. US chipmaker Qualcomm Inc is making preparations to reject rival Broadcom Ltd’s $103 billion bid as early as this week, four people familiar …

Qualcomm Deal to Create Chip Giant Faces Long Odds
7 years, 4 months ago

Qualcomm Deal to Create Chip Giant Faces Long Odds

Wired  

Last week Hock Tan, CEO of the chipmaker Broadcom, joined President Donald Trump in the Oval Office for a major announcement: the company would move its headquarters from Singapore to the US. "It's hard for me to see how it could get approved from a regulatory standpoint because it would increase the power they have over their smartphone customers," says …

Deals Buzz: Broadcom offers $105 billion for Qualcomm, up to be largest tech deal
7 years, 4 months ago

Deals Buzz: Broadcom offers $105 billion for Qualcomm, up to be largest tech deal

Live Mint  

Mumbai: Mint brings to you your daily dose of top deals reported by newsrooms across the country. Ltd, in a transaction that may rank among India’s largest renewable energy deals, reports Mint, citing multiple people aware of the development. Everstone Group agrees to buy Kenstar from Videocon associate firm Private equity firm Everstone Group has agreed to acquire Kenstar, a …

Broadcom offers to buy chip-maker Qualcomm in a $103 billion cash deal
7 years, 4 months ago

Broadcom offers to buy chip-maker Qualcomm in a $103 billion cash deal

Firstpost  

Qualcomm shareholders would get $60 in cash and $10 per share in Broadcom shares. Communications chipmaker Broadcom Ltd on 6 November said it offered to buy smartphone chip supplier Qualcomm Inc for $70 per share or $103 billion in cash and stock, in what would be the biggest technology acquisition ever. Broadcom’s offer is at a premium of 27.6 percent …

Broadcom offers $105 billion for Qualcomm in landmark deal
7 years, 4 months ago

Broadcom offers $105 billion for Qualcomm in landmark deal

Live Mint  

San Francisco: Broadcom Ltd offered about $105 billion for Qualcomm Inc., kicking off an ambitious attempt at the largest technology takeover ever in a deal that would rock the electronics industry. The lawsuit may prompt Apple to stop buying Qualcomm chips for use in the iPhone and other products, which would deal a major blow to a unit that drives …

Qualcomm reports 13.3 percent rise in revenue beating expectations
8 years, 4 months ago

Qualcomm reports 13.3 percent rise in revenue beating expectations

Firstpost  

Smartphone chipmaker Qualcomm Inc, which agreed to buy NXP Semiconductors NV for about $38 billion last week, reported a better-than-expected 13.3 percent rise in quarterly revenue, helped by strong demand, particularly in China. The San Diego-based company, which supplies chips to Android smartphone makers and Apple Inc, reported mobile chip shipments of 211 million for the quarter compared with its …

Chipmaker Qualcomm climbs on increased sales forecast
17 years, 2 months ago

Chipmaker Qualcomm climbs on increased sales forecast

China Daily  

Qualcomm Inc, the second-biggest maker of chips that run mobile phones, climbed as much as 8.9 percent in extended trading after the company raised its 2008 sales forecast, citing stronger demand. President Steve Altman predicted growing demand worldwide for his company's technology, countering concern that a possible recession in the United States will hurt sales. Nokia feud Qualcomm gets the …

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