http://www.nytimes.com/2018/03/12/technology/trump-broadcom-qualcomm-merger.html
5 replies (most recent on top)
QC management should thank San Diego congressmen.
How will they feel when they know that QCOM is planning massive Geoshifting and layingoff folks in San Diego?
WOOF!!!! WOOF!!! WOOF!! WOOF! Woof! woof! -oof! --of! ---f! ----! .... (DOG IS ON THE LOOSE ... UNLEASHED!!!!!)
Good job by Trump
14 minutes ago
https://apnews.com/aecd247326fe437c8ab0c78882c97396 Link copied!
WASHINGTON (AP) — President Donald Trump is blocking Singapore-based Broadcom’s takeover of U.S. chipmaker Qualcomm on national security grounds.
The White House says Trump is taking the action on the recommendation of the Committee on Foreign Investment in the United States, which reviews foreign purchases of U.S. entities. Broadcom made an unsolicited bid last year to take over Qualcomm, which has been met by shareholder skepticism and regulatory scrutiny on security and antitrust grounds.
Broadcom is in the process of moving its legal headquarters from Singapore to the U.S., with the company planning on finishing the move by April 3, 2018. Trump hosted Broadcom CEO Hock E. Tan in the White House last year as he announced the move, and the company had hoped that would help it skirt the national security review.
Your status report was 1/2 hr late.