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Broadcom Explores Buying Qualcomm (bloomberg.com) 69

phalse phace writes: Bloomberg news is reporting that Broadcom may be planning to make an offer to buy Qualcomm. From the report: "Broadcom Ltd. is considering a bid of more than $100 billion for Qualcomm Inc., according to people familiar with the matter, in what would be the biggest-ever takeover of a chipmaker. Broadcom is speaking to advisers about the potential deal, said the people, who asked not to be identified because talks are private. The offer of about $70 a share would include cash and stock and is likely to be made in the coming days, the people said." If the deal goes through, Broadcom would become "the world's third largest chipmaker behind Intel Corp. and Samsung Electronics Co. and give it a huge swath of the supply chain of vital phone components such as Wi-Fi and cellular modem chips. The two companies are already among the top ten providers of chips ranked by revenue in an industry that's consolidating rapidly."
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Broadcom Explores Buying Qualcomm

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  • NOOOOOOO (Score:5, Insightful)

    by lactose99 ( 71132 ) on Friday November 03, 2017 @04:38PM (#55486097)

    Broadcom sucks at releasing firmware and hardware programming specs for their wireless gear.

    Broadcom wants to buy Qualcomm

    Qualcomm bought Atheros, who was traditionally much much better at releasing firmware and programming specs.

    This is going to suck.

    • by Anonymous Coward

      Avago bought broadcom and took the new name. Avago is basically a holding company with each acquired business operating independently. They are also extremely profit driven so that might affect your concerns.

      If you work for qualcomm you should be concerned.

      • As Avago is a Taiwanese company, I am certain that if they buy Qualcomm then the $800m fine from the Taiwanese government against Qualcomm will "magically" disappear
    • by Blymie ( 231220 )

      I've used 3ware -> LSI -> Avago -> Broadcom raid cards for 20 years.

      Support during the 3ware and LSI days was great. Never had an issue, even with 'unsupported' drives and support -- as long as I showed the technical skill to work with LSI on issues.

      Avago was fine right after the buyout, but these days technical support people at Broadcom are just not skilled. With LSI, you'd call/email.. and someone that seemed to actually understand raid, and how their products worked, would assist you.

      Not now.

  • by Quirkz ( 1206400 ) <(ross) (at) (quirkz.com)> on Friday November 03, 2017 @04:46PM (#55486157) Homepage

    It would make me very happy if the merged company rebranded to become Comcomm.

  • When there is only one semiconductor manufacturer left what will it be called?
    • by Agripa ( 139780 )

      When there is only one semiconductor manufacturer left what will it be called?

      It will not matter because they will only be making products for the single combat aircraft that the US military can buy.

      https://en.wikipedia.org/wiki/... [wikipedia.org]

  • Incomprehensible (Score:4, Insightful)

    by puddingebola ( 2036796 ) on Friday November 03, 2017 @05:02PM (#55486259) Journal
    Incomprehensible swallowing of giant Qualcomm by Giant Broadcomm which was itself swallowed by giant Avago technologies to form giant Broadcomm Limited which has 13 billion in revenue while Qualcomm has 23 billion in revenue (how is that possible?) which will form new company BROADQUAL which will be investigated by the Department of Justice under the Sherman Anti-Trust act for anti-competitive practices, which Qualcomm is already being investigated for. And I ended the run-on senctence with a preposition. We are running forward into the cattle.
  • by Snotnose ( 212196 ) on Friday November 03, 2017 @06:26PM (#55486675)
    Was a consultant in the 90s (Globalstar), then an employee in the '00s. Left in '08. Best company I ever consulted/worked for, by far. Few years back went sailing with a friend, who's friend's boyfriend left Texas Instruments for Qcom, relocating in the process. He didn't want to talk about his work, but said the move was his worst career move he'd ever made. Few months later, 3 couples on a sailboat. Me, my friend, owner of the sailboat and her BF, the ex-TI guy, and a guy I'd worked with in the 90s and some woman sailboat owner was trying to setup with Qcom 90s guy. Ken was his name.

    I started talking to Ken about Qcom, he didn't want to talk about it. He was perfectly willing to talk about Qcom 20 years ago, but not life there now. Keep in mind this guy had been there for some 30 years, he was worth a few million, and was still working. He pretty much said that when Paul took over the culture changed overnight. The annual Christmas party, that used to be several shades past awesome? Cancelled. The summer picnics I took my 1 digit old grandkids to? cancelled. The dinners that came in at 7 PM when you were waiting for a chip to clear customs? Cancelled.

    I ended up selling all my stock and cashing in my options around 7-8 years ago cuz I needed the money, but damn, that stock hasn't gone anywhere since then. Think I sold at 50 something, stock is now 62 something.
    • by Anonymous Coward

      I worked at both

      I've invested in both companies

      A confession - I have a builtin bias. I know Hock Tan, Broadcom's boss, for decades (before he went into Broadcom)

      Overall impression:
      Dishonesty runs in the veins of Qualcomm while paranoia runs in the veins of Broadcom

    • I am pretty sure I know which "Ken" you are talking about (he managed my wife on the Globalstar project, and visited our house many times.) Qualcomm went to hell in about 2012. I got out in 2013. Ken stayed until 2015, and is now touring the country in his personal motor home, and is out sailling this week. However, he is not "worth a couple of million". Qualcomm always treated him poorly, he was employee #30, and it had not promoted him beyond senior staff in over 20 years, despite his loyalty and har
  • by 0100010001010011 ( 652467 ) on Friday November 03, 2017 @06:39PM (#55486737)

    Sigh.

    We have chips, in use [wikipedia.org], that were of Motorola design when they were in cahoots with IBM and Apple [wikipedia.org]. Then Freescale. Then NXP. Now Qualcomm. They just now updated their default install location from C:\Freescale to C:\NXP.

    Maybe moving to Renesas [renesas.com] won't be too terrible... then again they were NEC.

    • More precisely Renesas results from the merge of Hitatchi and Mitsubishi, and afterwards NEC. They sells MCUs from the 3 (think SH for exemple).

      It's a good company to work in, people are very dedicated. For exemple, they contribute a lot to the kernel, see https://www.linuxfoundation.or... [linuxfoundation.org].

      Funnily, Renesas acquired Nokia Mobile R&D. The objective was to become a major contender to Qualcomm. Then after failure they sold this business to ... Broadcom.

      • More precisely Renesas results from the merge of Hitatchi and Mitsubishi, and afterwards NEC. They sells MCUs from the 3 (think SH for exemple).

        Is anyone still actually buying those? I didn't think they'd been keeping them current.

  • Errm, Qualcomm is double the size of Broadcom (both in terms of revenue and number of employees). How the heck is a $13 billion revenue company (Broadcom) with only $4 billion in cash reserves going to buy a company for $100 billion?

    • Lots of debt... don't forget that Broadcom was actually bigger than Avago when Avago made that purchase.

      Even with a lot of debt, though, Broadcom (Avago) is actually really good at repayment following acquisitions: they basically slice up what they acquire in order to pick off the business units they really want, and sell off the rest. That means that they recoup a lot of the expense of an acquisition pretty much immediately. Obviously it's not great if you happen to work for one of those less desirable bus

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