Broadcom promises on security, Qualcomm revamps board

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Go back to Broadcom promises on security, Qualcomm revamps board

Stifel Remains Neutral on Qualcomm (QCOM) as President Trump Blocks Acquisition by Broadcom

March 13, 2018 7:24 AM EDT

Stifel reiterated a Hold rating and $68.00 price target on Qualcomm (NASDAQ: QCOM) after president Trump singed an executive order blocking Broadcom's proposed acquisition of Qualcomm, citing national security concerns.

Details of the security risk are likely around 5G cellular technology. The... More

UPDATE: Broadcom (AVGO) to Review Order: 'Strongly Disagrees' with Trump Order Blocking Deal with Qualcomm (QCOM)

March 13, 2018 5:51 AM EDT

(Updated - March 13, 2018 5:52 AM EDT)

Broadcom Limited (NASDAQ: AVGO) ("Broadcom") today issued the following statement:

Broadcom is reviewing the Order. Broadcom strongly disagrees that its proposed acquisition of Qualcomm (NASDAQ: QCOM) raises any national security concerns.

... More