Intel Corp (INTC)

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Whaaat? We don't even know if Apple even actually bought Beats (I do agree it would be an incredibly dumb move), but Apple wouldn't be the only large cap tech that overpaid for something large and useless...

http://news.cnet.com/Intel-to-buy-wireless-chipmaker-for-1.6-billion/2100-1001_3-231409.html

The purchase of DSPC is the latest stop on a spending spree for the company. Since the second half of 1998, Intel has purchased eight different companies, including DSPC, for more than $5.2 billion dollars.

http://www.nytimes.com/2010/08/20/technology/20chip.html?_r=0