Qualcomm Inc (QCOM)

[wshaw14]

https://seekingalpha.com/article/4149410-qualcomm-deal-preferred
Summary

Qualcomm increased the offer for NXP Semiconductors ensuring the accretive deal is likely to close.

Broadcom lowered the offer for Qualcomm ensuring that deal is unlikely to occur.

The Qualcomm valuation suggests shareholders are better off holding out for a higher market price based on EPS growth.

Over the last week, Qualcomm (QCOM) has made several moves to rebuff the big offer from Broadcom Limited (AVGO). The news flow suggests a deal isn't going to be reached and this is good for Qualcomm shareholders while traders will push for the deal for a quick gain.