The Rising Influence of Rising Affluence

[DewDiligence]

INTC—I have to assume that it won't be long before Intel makes a massive acquisition in the mobile phone marketplace. QCOM might be a nice but expensive fit.

As is the case for many US-based multinationals, INTC has most of its cash marooned in foreign subsidiaries, and hence it would incur a massive tax hit if it deployed the foreign cash to acquire a US-based company as large as QCOM.