Co. Faces Many Challenges to Boost Languishing Stock Price, Fulfill Pledge to Stockholders
The San Diego chipmaking giant is preparing to face shareholders at its previously postponed annual shareholders meeting, scheduled for March 23.
Until recently he was executive chairman of the board.
It's unclear how he would finance a bid for the company, which has a market value of about $90 billion.
ThinkTank Innovation plans to launch additional incubator and accelerator programs for entrepreneurs in the future.
As ordered, Broadcom has also withdrawn its slate of nominees for the Qualcommm board of directors.
From our view, there was nothing to like, and much to dread, if Broadcom had succeeded in taking control of Qualcomm.
The deal was prohibited at the recommendation of a Treasury Department committee that reviews transactions for nation security implications.
The order directs Broadcom to end its proposed takeover of the San Diego tech giant.
About two-thirds of Teradata's leadership team are based in San Diego.
The move comes as the company readies for a meeting at which its shareholders will vote whether or not to replace the majority of its board with Broadcom nominees.
Jeffrey Henderson, an independent Qualcomm director, will now head the board as its non-executive chairman.
The Public Utility Commission of Texas on March 8 approved Sempra Energy buying Oncor Electric Delivery, the last remaining regulatory obstacle in a $9.45 billion deal expected to close shortly.
Derek Barclay, cofounder of LoanHero, is relocating to Georgia, where LendingPoint is headquartered.
Qualcomm investors were slated to vote March 6 on whether to give Broadcom a majority on Qualcomm's board of directors. The Committee on Foreign Investment in the United States has ordered the meeting delayed.
Samsung’s newly unveiled smartphone, the Galaxy S9, contains Qualcomm Inc.’s newest premium processor, the Snapdragon 845 mobile platform, in select regions of the world. Qualcomm (Nasdaq: QCOM) made the announcement at the Mobile World Congress event on Feb. 25 in Barcelona, Spain.