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Trump Issues Order To Block Broadcom's Takeover of Qualcomm (bloomberg.com)

Bloomberg reports that President Donald Trump issued an executive order today blocking Broadcom from acquiring Qualcomm, "scuttling a $117 billion deal that had been subject to U.S. government scrutiny on national security grounds." From the report: The president acted on a recommendation by the Committee on Foreign Investment in the U.S., which reviews acquisitions of American firms by foreign investors. The decision to block the deal was unveiled just hours after Broadcom Chief Executive Officer Hock Tan met with security officials at the Pentagon in a last-ditch effort to salvage the transaction. "There is credible evidence that leads me to believe that Broadcom Ltd." by acquiring Qualcomm "might take action that threatens to impair the national security of the United States," Trump said in the order released Monday evening in Washington.

7 of 230 comments (clear)

  1. Even a blind squirrel finds a nut once in a while by Locke2005 · · Score: 3, Interesting

    I've had enough problems with Broadcom's chips and Broadcom's lack of support for their chips that I think Trump did the right thing here. I tried to bring up a parallel computer on Broadcom's MIPS chip once, eventually decided they were lying about the performance and it couldn't really retire one floating point instruction per cycle. We gave up and switch back to Intel CPUs.

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  2. Trump's administration issued the order by rsilvergun · · Score: 4, Interesting

    not Trump. Nobody listens to Trump. This became obvious when the stock market stopped reacting to his tweets. He literally said we should ignore due process and take away people's guns. If Obama had done that gun stocks would have gone nuts. When Trump did it not even a blip.

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    1. Re: Trump's administration issued the order by Anonymous Coward · · Score: 4, Interesting

      If Trump didn't mean what he said, why did Breitbart run the headline: "Trump the gun grabber"? Why did the NRA feel they needed to have a meeting with him after these comments? You can say people are being dumb and the President didn't mean what he said... But a lot of conservatives seemed to take it the same way.

  3. Jokes aside I gotta kind of wonder by rsilvergun · · Score: 2, Interesting

    if there's any dog yellow enough to get these folks to stop voting Republican. When Clinton (Bill) moved the Dems to the right the Republicans had to follow suit to maintain their identity. Then the corporate PAC money started flooding in (Thanks! Citizens United) and the Dems moved right as the corp money flowed in and again the Republicans moved further right to compensate.

    So now we've got a country where 97% of Americans support Universal Background Checks on guns and zero chance of getting one, Our president just said drug dealers should be put to death and praised China's president for establishing a dictatorship for life.

    Are the Republican voters just living in a perfect bubble or do they really just not care as long as it doesn't have a D next to it's name?

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  4. Re:Not going to mention by stephanruby · · Score: 5, Interesting

    Ok, I'll bite. Here are the direct quotes of Conaway (a Republican):

    "Bottom line: Russians did commit active measures against our elections in '16, and we think they'll do that in the future," Conaway said. "It's clear they sowed discord in our elections. ... But we couldn't establish the same conclusions the CIA did that they specifically wanted to help Trump."

    Is that what you meant by "entirely false"? Plus, that doesn't really explain why the Republican majority shut down their investigation so quickly (unless they're trying to hide something). After all, nobody tried to shut down the 911 commission prematurely, when no evidence was found that US officials had colluded with Bin Laden. After all, the investigation was started to investigate "Russian Meddling", not specifically "Trump Collusion".

    I wonder, when did that change for the Republicans?

    And just to put things in perspective, even if you don't think that an attack on our leadership process an act of war (which is kind of silly if you don't think that), the 9/11 attack at the time cost us ~3,000 casualties, but in the case of Crimea, the Russian incursion has already cost our ally ~10,000 lives.

    And please notice the weasel word "specifically" in "that [the Russians] specifically wanted to help Trump." Of course, we already know that's not true. The Russians were trying to help both Bernie Sanders and Donald Trump (although Donald Trump is the only one that retweeted their stories).

    And of course, that still doesn't explain why they'd shut down their own investigation so quickly, when everybody else, the Mueller team, Trump's own Justice Department, the FBI, the CIA, etc. are raising even more alarms than ever before at a more frequent rate than ever before.

  5. Re:Not going to mention by quantaman · · Score: 5, Interesting

    "The investigation is being closed with nothing found."

    Cite?

    " completely ignore the news that broke today that the whole "Russian hacked the election" and "Russia colluded ..."

    All I see is some partisan republicans on a house commitee releasing a statement to that effect. Nobody else seems to be buying it; including the Democrats on that same committee. Nevermind the statement from the CIA etc.

    In other words: shut up comrade.

    After the memo I've been wondering if the Republicans on the house intelligence committee could be charged with obstruction of justice.

    I mean if they're deliberately trying to tarnish the investigation and Mueller in order to give Trump cover to shut it down then that's pretty much the definition of obstruction.

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  6. Re:Racism at work by Anonymous Coward · · Score: 2, Interesting

    Racism and nationalism usually go hand in hand. This is especially true when the leadership of the nationalist movement caters their efforts towards a certain race. The US nationalist movement that Trump supports is specifically a White nationalist movement. There is no confusion about this, unless of course somehow you are just someone that doesn't get the obvious.