Call me an eternal (and maybe even unrealistic) optimist, but what if there are no huge layoffs as a result of the failed merger with Qualcomm?
They had to pay us $2 billion when they gave up on the acquisition, wouldn't that be enough to soften some of the financial woes we've been having?
"The management of the company and continuous silence scares me." from @1txv
Continuous silence means a huge announcement is coming. Seen lots of time in the past. Wait for 11th Sep Investors Day. They did huge things many times before. MobPersonal, Home etc... maybe a huge layoff program as well for immediate opex improvement
if I were their CEO or CFO, I would let it down to under $20 then start to operate it again (poor shareholders, as I know most of shareholders are China guys...hahaha )
"where did the money go?"
who knows but the market changed with some investors buying back in. Maybe they think it is low. Someone bought $100million at $89 at the end of today but it only raised the stock price by 12 cents. So if calculator is working at that rate a 5 billion buy order would raise it $6 (around $95). Not as much as I hoped. Maybe the $99 valuation in @rtu's post is about right if some more buying happens. I will wait until the investor meeting before deciding when to sell. Maybe if they announce something it can get over 100 in the next 6 months or a year, assuming I don't get fired before then and need the money. I can't see the price dropping a huge amount before that meeting. The management of the company and continuous silence scares me.
@I6m You in US right? Most of you like that.
The key question to that is "where did the money go?"
The stock dropped below the Q acquisition price today, from more than 2 years ago. It is in the $86 region today. I never thought I would see it down so low. Maybe the big guys will start buying it now it is so cheap. On the other hand what has happened with Q was bad and the returns the company produce are not good enough that a few analysts have N valued at around $99. That is way from 110 or 127.50. If a 5 billion buyback is happening then it does not appear to be happening on the public market because you would see support in the trading charts, flat lines where the company is mopping up stocks at a price, but 5 billion may not be enough to make much of a difference. I will wait and see if any analyst asks where the money went in the next call.