Here's something you might be interested in.
The New York Times is reporting today (Jan. 4) that San Diego-based chip maker Qualcomm is ready to buy Santa Clara's Atheros Communications, a semiconductor maker, for $45 a share, or $3.5 billion. The deal may be announced as soon as tomorrow, said the Times. The price would be 22% higher than where Atheros was trading at midday today. Qualcomm, which has long been a dominant player in supplying chips to wireless phones, has been looking to crack the tablet and notebook computer markets, says the Times. Atheros makes chipsets for wired and wireless devices, including desktops, laptops and tablets. Qualcomm has been sitting on $10 billion of cash, and analysts and shareholders have wondered what it will do with the money. Qualcomm stock closed at $50.97, up 79 cents today -- an indication that the market may think the deal will help both companies.
The New York Times is reporting today (Jan. 4) that San Diego-based chip maker Qualcomm is ready to buy Santa Clara's Atheros Communications, a semiconductor maker, for $45 a share, or $3.5 billion. The deal may be announced as soon as tomorrow, said the Times. The price would be 22% higher than where Atheros was trading at midday today. Qualcomm, which has long been a dominant player in supplying chips to wireless phones, has been looking to crack the tablet and notebook computer markets, says the Times. Atheros makes chipsets for wired and wireless devices, including desktops, laptops and tablets. Qualcomm has been sitting on $10 billion of cash, and analysts and shareholders have wondered what it will do with the money. Qualcomm stock closed at $50.97, up 79 cents today -- an indication that the market may think the deal will help both companies.