|Bid||61.16 x 600|
|Ask||61.23 x 500|
|Day's range||60.48 - 61.49|
|52-week range||48.92 - 69.28|
|PE ratio (TTM)||N/A|
|Earnings date||25 Apr 2018|
|Forward dividend & yield||2.28 (3.79%)|
|1y target est||71.03|
Just days ago, President Trump shot down Broadcom’s (AVGO) unsolicited bid for Qualcomm. Shares of Adobe (ADBE) are looking pretty this morning. The company’s CEO credits higher subscription fees and increased use of its entire Creative Cloud Suite for the boost.
When AT&T agreed to buy Time Warner in October of 2016, many investors viewed it as a done deal. Time Warner (TWX) shares soared to nearly match AT&T’s offer price of $107.50 a share in cash and stock—no matter that both Donald Trump and Hillary Clinton had expressed reservations about the merger in the final days of the presidential election. Many investors dismissed their talk as bluster.
Qualcomm Inc. said late Friday it is withdrawing its re-nomination of Paul Jacobs, after he stepped down as chairman and signaled an intent to take the company private. The chipmaker said it will shave ...
Following on rumors yesterday that Qualcomm (QCOM) former chief executive and former executive chairman, Paul Jacobs, was interested in an leveraged buyout to take the company private, Qualcomm this afternoon announced that Jacobs will “not be re-nominated to the Qualcomm board of directors” when the company holds its annual meeting on March 23rd, a week from today. The news follows rumors earlier in the day the board might dismiss Jacobs. Qualcomm said the board made the decision "following his notification to the Board that he has decided to explore the possibility of making a proposal to acquire Qualcomm." In response, Jacobs sent a statement via a spokesperson saying he is glad the board will consider his proposal, and disappointed they are “attempting to remove me from the board." Here is the Qualcomm statement in full: Qualcomm Incorporated today announced that Dr. Paul Jacobs will not be re-nominated to the Qualcomm Board of Directors at Qualcomm’s Annual Meeting of Stockholders on March 23, 2018.
Qualcomm Inc. said director Paul Jacobs, son of the chipmaker’s founder and a former chief executive officer, will leave the board after he decided to explore an acquisition of the company.
Bloomberg Gadfly's Brooke Sutherland discuss reports that Paul Jacobs, the former Qualcomm chairman, is seeking funding to buyout the chipmaker. She speaks with Bloomberg's Julie Hyman and Scarlet Fu on ...
Broadcom shares dipped on Friday after the chipmaker pointed to a sharp drop in wireless chip orders from Apple.
President Trump blocked Broadcom's bid to buy Qualcomm and moved toward China tariffs. Boeing tumbled as stocks drifted lower. Adobe earnings were hot.
For a while, Broadcom’s (AVGO) quest to acquire chip maker Qualcomm (QCOM) was getting more and more complicated by the day. The company said that it would respect President Donald Trump’s order and withdraw its offer to acquire Qualcomm. The Trump administration said that the acquisition represented a security risk for the country.
Stocks opened higher on Friday morning amid continued trade tensions and major merger news. Here's a shortlist of today's top movers to keep an eye on as the trading week wraps up!