What a farce! We should be seeing a much higher valuation and Qualms should be offering a 30% premium on top of that. As stockholders in a fast growing company, we would be much better off if the offer was withdrawn.
Qualcom is biding their time. What was this trading for before the offer? Why is it trading where it is today. If it looks like the deal may fall through, what will it be trading for? If it looks like there will be no increase in purchase price, what will it be trading for? Here is an interesting article that I think pretty much sums it up.
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