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This show of bad faith is an unbecoming look for Qualcomm management. Broadcom will be US domiciled in a few short quarters, so this is just a delay tactic.
No secret that Intel's foundry business is not exactly a success, so they might be thinking of doing this as a way to try to fill it's fabs. Of course this would be a disaster if Intel bought Broadcom and tried to bring fabrication in house, but maybe Intel thinks otherwise.
QCOM back down to $60 AH. I have a feeling the drama isn't over here - so what's next? Will China try to hold up the NXPI merger? Will activists come in and try again to get QCOM to spin off QTL? Will another large tech company make a move on QCOM? I could see MSFT, GOOGL, or AAPL given how many of these companies have started to roll their own. Lot's of possibilities.
I guess that's one way to avoid an activist backlash. Now I wonder... if Qualcomm thought $80/share offered by Broadcom massively undervalued to company, what Jacobs thinks the company is worth. If it's less than what Broadcom offered, he's going to have some explaining to do.
