Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Nasdaq  >  Qualcomm    QCOM

QUALCOMM (QCOM)
My previous session
Most popular
  Report  
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsTweets

Qualcomm : Rejects Board Nominees from Broadcom, Silver Lake

share with twitter share with LinkedIn share with facebook
share via e-mail
0
12/22/2017 | 02:25pm CEST
   By Allison Prang 
 

Qualcomm Inc. (>> Qualcomm) on Friday said its board won't nominate any of the 11 candidates proposed by Broadcom Ltd.(>> Broadcom Limited) and Silver Lake Partners, as it seeks to retain control of the company following Broadcom's $105 billion hostile takeover bid.

Qualcomm said the nominees "are inherently conflicted and would not bring incremental skills or expertise." The company said its board is instead nominating its current 11 directors.

"Broadcom and Silver Lake are asking Qualcomm stockholders to turn over control of their company now to the hand-picked Broadcom-Silver Lake nominees based on a proposal that dramatically undervalues Qualcomm and is not actionable due to its significant regulatory uncertainty, which may not be resolved for 18 months, if ever, and lack of committed financing," Qualcomm said in a news release.

The board rebuff comes a little more than a month after Qualcomm rejected the takeover proposal from Broadcom.

Silver Lake is the private-equity firm backing the proposed takeover. With $39 billion in assets, Silver Lake is one of the biggest players in technology investing. It pledged $5 billion in convertible debt to back Broadcom's bid for Qualcomm. Qualcomm's annual meeting is March 6.

Shares of Qualcomm rose 0.4% premarket Friday.

-Miriam Gottfried and Dawn Lim contributed to this article.

Write to Allison Prang at allison.prang@wsj.com

Stocks mentioned in the article : Qualcomm, Broadcom Limited
Stocks mentioned in the article
ChangeLast1st jan.
QUALCOMM -0.19% 64.17 Delayed Quote.0.42%
SILVER 0.02% 14.699 Delayed Quote.-13.62%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on QUALCOMM
08:31aQUALCOMM : Trillium Appoints U.S Military and Industry Veteran to Propel Sales
AQ
10/10BROADCOM : Tighter U.S. foreign investment rules aimed at China start in Novembe..
RE
10/10Pentagon says memo asking for Broadcom-CA deal review is likely fake
RE
10/10Pentagon says memo asking for Broadcom-CA deal review is likely fake
RE
10/10Huawei unveils new AI chips amid Chinese technology ambitions
RE
10/10Huawei unveils new AI chips amid Chinese technology ambitions
RE
10/09QUALCOMM INC/DE : Change in Directors or Principal Officers (form 8-K)
AQ
10/09Qualcomm Appoints Martin Anstice and Irene Rosenfeld to its Board of Director..
AQ
09/29APPLE : US trade judge declines to block iPhone imports
AQ
09/29U.S. trade judge declines to block iPhone imports
RE
More news
News from SeekingAlpha
10/13STOCKS TO WATCH : Was That A Speed Bump? 
10/13RETIREMENT : How To Manage Risks And Prepare For The Next Downturn 
10/12Top 7 5G Stocks To Play The 5G Boom Starting In 2019 
10/11My Top 10 Technology Stocks For Dividend Growth Investors 
10/11Is This High-Yield Tech Blue Chip A Value Trap? 6 Things Investors Need To Kn.. 
Financials ($)
Sales 2018 22 429 M
EBIT 2018 5 564 M
Net income 2018 -3 660 M
Finance 2018 8 138 M
Yield 2018 3,70%
P/E ratio 2018 -
P/E ratio 2019 18,14
EV / Sales 2018 3,85x
EV / Sales 2019 4,88x
Capitalization 94 449 M
Chart QUALCOMM
Duration : Period :
Qualcomm Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends QUALCOMM
Short TermMid-TermLong Term
TrendsBearishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 27
Average target price 72,1 $
Spread / Average Target 12%
EPS Revisions
Managers
NameTitle
Steven M. Mollenkopf Chief Executive Officer & Director
Cristiano R. Amon President
Jeffrey William Henderson Non-Executive Chairman
George S. Davis CFO, Principal Accounting Officer & Executive VP
Mary Gendron Chief Information Officer & Senior Vice President
Sector and Competitors
1st jan.Capitalization (M$)
QUALCOMM0.42%94 449
CISCO SYSTEMS16.63%201 687
NOKIA OYJ15.56%29 312
ERICSSON37.16%27 456
MOTOROLA SOLUTIONS32.84%19 138
HARRIS CORPORATION22.31%18 122