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Qualcomm Inc (QCOM.O)

QCOM.O on Nasdaq

64.86USD
12 Dec 2017
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Latest Key Developments (Source: Significant Developments)

Qualcomm board unanimously rejects Broadcom's unsolicited proposal
Monday, 13 Nov 2017 08:50am EST 

Nov 13 (Reuters) - Qualcomm Inc QCOM.O-:Qualcomm board of directors unanimously rejects Broadcom's unsolicited proposal.Qualcomm Inc - "‍it is board's unanimous belief that Broadcom's proposal significantly undervalues Qualcomm​".Qualcomm Inc - ‍board has concluded that Broadcom's proposal "undervalues Qualcomm and comes with significant regulatory uncertainty​".  Full Article

Qualcomm signs MoU with Xiaomi, Oppo and Vivo as part of a bilateral trade mission
Wednesday, 8 Nov 2017 11:32pm EST 

Nov 8 (Reuters) - Qualcomm Inc -:QUALCOMM SIGNS MEMORANDA OF UNDERSTANDING WITH XIAOMI, OPPO AND VIVO AS PART OF A BILATERAL TRADE MISSION.‍UNDER MOU, XIAOMI, OPPO, VIVO EXPRESSES INTEREST IN PURCHASE OF COMPONENTS WITH VALUE OF NO LESS THAN $12 BILLION OVER NEXT 3 YEARS​.  Full Article

Broadcom reviewing candidates for Qualcomm director slate- CNBC‍​
Wednesday, 8 Nov 2017 07:31am EST 

Nov 8 (Reuters) - :Broadcom is reviewing candidates for Qualcomm director slate- CNBC‍​.  Full Article

Qualcomm confirms receipt of unsolicited proposal from Broadcom
Monday, 6 Nov 2017 08:03am EST 

Nov 6 (Reuters) - Qualcomm Inc ::Qualcomm confirms receipt of unsolicited proposal from Broadcom.Qualcomm board in consultation with financial, legal advisors, will assess Broadcom's proposal.  Full Article

Broadcom proposes to acquire Qualcomm for $70.00 per share in cash and stock in transaction valued at $130 bln
Monday, 6 Nov 2017 07:00am EST 

Nov 6 (Reuters) - Broadcom Ltd :Broadcom proposes to acquire Qualcomm for $70.00 per share in cash and stock in transaction valued at $130 billion.Broadcom proposes to acquire Qualcomm for $70.00 per share in cash and stock in transaction valued at $130 billion.Broadcom Ltd - ‍proposed transaction is valued at approximately $130 billion on a pro forma basis, including $25 billion of net debt​.Broadcom Ltd - ‍under proposal, $70.00 per share to be received by Qualcomm stockholders would consist of $60.00 in cash, $10.00 per share in Broadcom shares​.Broadcom Ltd - ‍transaction is expected to be accretive to Broadcom's non-GAAP EPS in first full year after deal close​.Broadcom Ltd - ‍Broadcom's proposal was unanimously approved by board of directors of Broadcom​.Broadcom Ltd - ‍"Broadcom is prepared to engage immediately in discussions with Qualcomm to work toward a mutually acceptable definitive agreement​".Broadcom Ltd - co's proposal stands whether Qualcomm's pending acquisition of NXP is consummated on currently terms of $110/NXP share or deal is terminated​.Broadcom Ltd - ‍combined Broadcom and Qualcomm, including NXP, will have pro forma fiscal 2017 revenues of approximately $51 billion​.Broadcom Ltd - ‍proposed transaction will not be subject to any financing condition​.Broadcom Ltd - "we are confident that the transaction will receive all necessary approvals in a timely manner"‍​.  Full Article

Broadcom explores deal to acquire chipmaker Qualcomm- Bloomberg,citing sources‍​
Friday, 3 Nov 2017 01:23pm EDT 

Nov 3 (Reuters) - :Broadcom explores deal to acquire chipmaker Qualcomm- Bloomberg,citing sources‍​.Broadcom is speaking to advisers about the potential deal- Bloomberg,citing sources‍​.  Full Article

Qualcomm Q4 adj. earnings per share $0.92
Wednesday, 1 Nov 2017 04:43pm EDT 

Nov 1 (Reuters) - Qualcomm Inc ::Qtrly earnings per share $0.11.Qtrly adjusted earnings per share $0.92.Qtrly QTL revenue $1,213 million versus $1,885 million.Sees Q1 2018 MSM chip shipments‍​ of 220 million to 240 million.Sees Q1 revenue $5.5 billion - $6.3 bln‍​.Qtrly revenue $5.9‍​ billion versus $6.2 billion.Sees Q1 earnings per share $0.63 - $0.73.Sees Q1 2018 QTL revenues of $1.1 billion - $1.3 billion.Sees Q1 non-GAAP earnings per share $0.85 - $0.95.Qtrly non-GAAP revenue $6.0 billion versus $6.2 billion.Q4 earnings per share view $0.81, revenue view $5.80 billion -- Thomson Reuters I/B/E/S.Q1 earnings per share view $0.90, revenue view $5.90 billion -- Thomson Reuters I/B/E/S.Q3, Q4, fiscal 2017 GAAP and non-GAAP results negatively impacted by actions taken by Apple and its contract manufacturers‍​.While company continues to work to close NXP deal by the end of calendar 2017, deal may close in early 2018.  Full Article

Nxp Semiconductors NV reports qtrly earnings per share $0.31
Wednesday, 25 Oct 2017 08:52pm EDT 

Oct 25 (Reuters) - Nxp Semiconductors Nv :NXP Semiconductors reports third quarter 2017 results.NXP Semiconductors NV qtrly revenue of $2.39 billion, a decline of 3 percent year on year‍​.NXP Semiconductors NV qtrly earnings per share $0.31.NXP Semiconductors NV says continues to support and recommend the $110 Qualcomm offer for acceptance to NXP shareholders‍​.NXP Semiconductors NV says within the automotive group, third quarter revenue was $948 million, up 11 percent year on year.  Full Article

Qualcomm and Mercedes extend communications partnership
Friday, 20 Oct 2017 07:30am EDT 

Oct 20 (Reuters) - Qualcomm Inc :Qualcomm and Mercedes-AMG Petronas Motorsport extend strategic partnership focusing on high-speed communications and wireless power.Co will continue to evaluate performance increases in 60 ghz and 5 ghz off-load programs​.  Full Article

Qualcomm extends cash tender offer for all outstanding shares of NXP
Friday, 20 Oct 2017 07:30am EDT 

Oct 20 (Reuters) - Qualcomm Inc :Qualcomm extends cash tender offer for all outstanding shares of NXP.Qualcomm Inc - ‍tender offer is now scheduled to expire at 5:00 p.m., New York City time, on November 17, 2017​.  Full Article

Deals of the day-Mergers and acquisitions

Dec 11 The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Monday: