How Do You Measure an Active Manager’s Success?
With the recent implementation of parts of the U.S. Department of Labor’s fiduciary rule, advisors are sharpening their pencils when it comes to performing due diligence on equity and fixed income holdings in their clients’ portfolios.
Gap (GPS) reported total revenue of $3.8 billion in 3Q17, beating the consensus estimate by $80 million, the sixth straight top-line beat for the company. Year-over-year, its top line improved…
San Francisco–based Gap (GPS) reported its results for 3Q17 on November 16, 2017.
Gap (GPS), which reported its 3Q17 results on November 16, reported adjusted diluted EPS (earnings per share) of $0.58, topping the consensus expectation by $0.04. Its EPS, however, fell 3.3% YoY…
Gap (GPS) reported its 3Q17 results after the market closed on November 16.
Wall Street analysts raised their consensus price target for QCOM from $60 in October 2017 to $64 in November 2017.
The semiconductor industry is undergoing a major transition, moving beyond smartphones and PCs to industrial automation and machine learning.
Broadcom climbed the ladder through acquisitions, while Qualcomm climbed the ladder through its technology advantage in the smartphone industry.
The licensing battle with Apple (AAPL) and fines from various regulators have significantly reduced Qualcomm’s (QCOM) earnings.
The combination of Broadcom (AVGO) and Qualcomm (QCOM) would likely create a company with $41 billion in annual revenues, excluding NXP Semiconductors.
Broadcom hasn’t clearly stated how it plans to solve Qualcomm’s problems.
Qualcomm’s (QCOM) legal headwinds reached its peak in 2017 when it faced fines from South Korea and Taiwan, probes from Europe, and lawsuits from Apple.
Qualcomm (QCOM) has enjoyed strong growth since the mobile revolution took off in 2007, thanks to its cellular modem technology.
The probability of AVGO making another acquisition offer for QCOM is not unlikely because its CEO has a strong record of completing complex acquisitions.
The first and the easiest thing that Broadcom could do now is talk with Qualcomm’s board and negotiate a higher price.
In just one week, Qualcomm’s board rejected Broadcom’s $70-per-share offer on the grounds that it undervalued the stock and brought regulatory uncertainty.
Qualcomm (QCOM) rejected Broadcom’s (AVGO) takeover bid, in part, because there’s uncertainty surrounding the deal getting regulatory approval.
QCOM shareholders appear to be interested in AVGO offer, though the former’s board has unanimously rejected the latter’s first acquisition bid.
When the rumor about Broadcom’s (AVGO) takeover offer started, Qualcomm’s (QCOM) stock rose ~10% to ~$65.
Qualcomm (QCOM) and Broadcom (AVGO) investors have seen a lot of surprises over the past 15 days.