This comes after Qualcomm said that the nine men and two women in its board of directors had all agreed that the offered buyout package sorely undervalued Qualcomm's share value and its future growth prospects.
Analysts said Broadcom could easily raise its bid to $80 or $90 per share-or as much as $130 billion-and still make out well with the acquisition.
"We are highly confident that the strategy (CEO Steve Mollenkopf) and his team are executing on provides far superior value to Qualcomm shareholders than the proposed offer", said Tom Horton, Qualcomm director.
United States semiconductor and telecommunications firm Qualcomm rejected a $103bn takeover bid from competitor Broadcom on Monday, saying the offer "dramatically" underestimated the value of the company. "We continue to believe our proposal represents the most attractive, value-enhancing alternative available to Qualcomm stockholders and we are encouraged by their reaction".
Qualcomm said Monday that it's in a unique position to grow on its own.
San Diego-based Qualcomm said the bid undervalues the company's position in thriving areas in the semiconductor industry like mobile, "internet of things", automotive, edge computing and. Qualcomm and Broadcom did not immediately respond to requests for comment.
Qualcomm's Snapdragon mobile processors are widely used in the smartphones around the world.
Shares of Qualcomm were up 1.8 percent at $65.74 in early afternoon trading, while those of Broadcom were down 0.4 percent at $263.95. The deal has been delayed by the Committee on Foreign Investment in the United States, which investigates proposed acquisitions of USA companies by foreign buyers on national security and intellectual property grounds.
This is the fifth time Morocco qualified to the World Cup after Mexico 1970, Mexico 1986, United States 1994, and France 1998. Meanwhile, in Group A, Tunisia played out a tense goalless draw with Libya to edge Congo DR to top spot by just one point.
Investors closely watch the headline number, though some analysts say the way it is calculated is too opaque. The date of November 11 emerged as a counter-cultural antidote to the sentimentality of Valentine's Day.
This was an important game for both teams as they hoped to make a run during the second half of the season toward the playoffs. Washington was without starting TE Jordan Reed (hamstring), S Montae Nicholson (shoulder) and DE Matt Ioannidis (hand).
According to THR , Brunton's story was corroborated by four of his friends who recalled Brunton telling them about the incident. The following is upsetting to read, but important to pay attention to, if you are able.
So there is a chance the Galaxy A series for 2018 could come with a new "Infinity Display" without any home button on the front. Starting with the FCC certification (via mobilexpose ), it reveals that the smartphone will bear a model number of SM-A530N.
Trump followed up his freaky tweet by telling reporters that it would be a "good thing" for him and dictator to become friends. Also on the trip, Mr Trump met with Russian President Vladimir Putin several times on the margins of a summit in Vietnam.
Extensive damage has also been reported in countless villages , which have also seen telecommunication and power outages. Iranian official says at least 30 people killed, more than 200 injured during quake on Iran-Iraq border region.
After that long pass, Goodwin fell to his knees in prayer as his teammates gathered around him. "He had a wonderful game today". He said of his wife, Morgan Goodwin-Snow, "The pain (physically, mentally, & emotionally) that she has endured is unbelievable".
According to PTI , the police said that over 17 others are feared dead, but their bodies are yet to be recovered. The boat, owned by a private agency, overturned as it approached the ferry point around 5.45pm.
New accuser claims sexual assault by Moore in 1970s
When the Post's story first broke last Thursday, McConnell had said Moore should step aside if the allegations were true . Losing the special election to a Democrat would imperil Republicans' already slim 52-48 majority.
LSU's next opponent, Tennessee, fires its head coach
LSU and Tennessee are set to square off on Saturday in Knoxville in what will be the Vols' first game under an interim coach. Finding the right guy has been hard , and there will be intense pressure to get it right this next time.
Lions survive a scare, come back to beat Browns
The Browns made mistakes, including at the end of the first half when they botched the most basic elements in clock management. Detroit needed just 10 rushes to surpass the average of 84.3 yards per game on the ground allowed by the Browns.