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Qualcomm responds to Broadcom's "disingenuous" statement

Published 02/27/2018, 07:27 AM
© Reuters.  Qualcomm responds to Broadcom's "disingenuous" statement
QCOM
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AVGO
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  • Qualcomm (NASDAQ:QCOM) responds to Broadcom’s (NASDAQ:AVGO) accusation of “engagement theatre” relating to price discussions.
  • Key quote: "The latest statement issued by Broadcom is disingenuous and clearly intended to create a false impression about Qualcomm's level of engagement. In fact, Qualcomm has repeatedly attempted to engage with Broadcom on issues including price, including at meetings on February 14 and February 23. In each of those meetings, Broadcom has refused to engage on price.”
  • Qualcomm shares are up 0.03% premarket.
  • Broadcom shares are up 0.2%.
  • Previously: FT: Qualcomm wants over $90/share from Broadcom (Feb. 26)
  • Now read: My IMF Portfolio: Solid 2017 And Poised To Beat The S&P This Year


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