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Broadcom Explores Buying Qualcomm (bloomberg.com)
phalse phace writes: Bloomberg news is reporting that Broadcom may be planning to make an offer to buy Qualcomm. From the report: "Broadcom Ltd. is considering a bid of more than $100 billion for Qualcomm Inc., according to people familiar with the matter, in what would be the biggest-ever takeover of a chipmaker. Broadcom is speaking to advisers about the potential deal, said the people, who asked not to be identified because talks are private. The offer of about $70 a share would include cash and stock and is likely to be made in the coming days, the people said." If the deal goes through, Broadcom would become "the world's third largest chipmaker behind Intel Corp. and Samsung Electronics Co. and give it a huge swath of the supply chain of vital phone components such as Wi-Fi and cellular modem chips. The two companies are already among the top ten providers of chips ranked by revenue in an industry that's consolidating rapidly."
Broadcom sucks at releasing firmware and hardware programming specs for their wireless gear.
Broadcom wants to buy Qualcomm
Qualcomm bought Atheros, who was traditionally much much better at releasing firmware and programming specs.
This is going to suck.
Fully licensed blockchain psychiatrist
Incomprehensible swallowing of giant Qualcomm by Giant Broadcomm which was itself swallowed by giant Avago technologies to form giant Broadcomm Limited which has 13 billion in revenue while Qualcomm has 23 billion in revenue (how is that possible?) which will form new company BROADQUAL which will be investigated by the Department of Justice under the Sherman Anti-Trust act for anti-competitive practices, which Qualcomm is already being investigated for. And I ended the run-on senctence with a preposition. We are running forward into the cattle.
Was a consultant in the 90s (Globalstar), then an employee in the '00s. Left in '08. Best company I ever consulted/worked for, by far. Few years back went sailing with a friend, who's friend's boyfriend left Texas Instruments for Qcom, relocating in the process. He didn't want to talk about his work, but said the move was his worst career move he'd ever made. Few months later, 3 couples on a sailboat. Me, my friend, owner of the sailboat and her BF, the ex-TI guy, and a guy I'd worked with in the 90s and some woman sailboat owner was trying to setup with Qcom 90s guy. Ken was his name.
I started talking to Ken about Qcom, he didn't want to talk about it. He was perfectly willing to talk about Qcom 20 years ago, but not life there now. Keep in mind this guy had been there for some 30 years, he was worth a few million, and was still working. He pretty much said that when Paul took over the culture changed overnight. The annual Christmas party, that used to be several shades past awesome? Cancelled. The summer picnics I took my 1 digit old grandkids to? cancelled. The dinners that came in at 7 PM when you were waiting for a chip to clear customs? Cancelled.
I ended up selling all my stock and cashing in my options around 7-8 years ago cuz I needed the money, but damn, that stock hasn't gone anywhere since then. Think I sold at 50 something, stock is now 62 something.