Now that just about everyone has a cellphone, each operator is looking for new ways to grow. Broadcom at this point should remember the benefits of being in the former position. The long weekend brought more twists and turns to the chip maker’s effort to acquire Qualcomm. On the one hand, Broadcom more or less garnered the support of proxy advisory firms Glass Lewis and Institutional Shareholder Services in its effort to replace Qualcomm’s board. On the other hand, Qualcomm raised the price of its own pending bid to acquire NXP Semiconductors, making a deal...

Source: Wall Street Journal February 20, 2018 18:31 UTC