Qualcomm Sends Letter to Stockholders and Files Investor Presentation
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Broadcom (AVGO) Says Qualcomm (QCOM) has Refused to Engage
January 16, 2018 12:30 PM ESTBroadcom Limited (NASDAQ: AVGO) ("Broadcom") today issued a statement in response to the announcement by Qualcomm Incorporated (NASDAQ: QCOM) ("Qualcomm") regarding its standalone approach.
Despite the clear customer and stockholder support for the value-maximizing transaction proposed by Broadcom, Qualcomm has refused to engage with Broadcom and has instead elected to remain a standalone company, which fails to address Qualcomm's fundamental business challenges, including its ongoing disputes with customers and regulatory investigations in numerous jurisdictions.
Qualcomm management has repeatedly... More
