Qualcomm approached Intel about acquisition, report claims
The Wall Street Journal reports a deal was discussed, but is "far from certain."
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What how? Intel is still huge compared to Qualcomm no?
Intel is about 5 times the size of Qualcomm in terms of equity.
i found this article:
Intel's shares closed up 3.3%, while Qualcomm fell 2.9%. Qualcomm, with a market capitalization of $188 billion, is worth about twice as much as Intel.
So based on Intel's shitty stock price, Qualcomm can buy a good chunk of Intel which is enough for voting power I guess. Someone please correct me or add insight to this.
I knew intel have been doing horribly recently, but they are only $83.3B market cap, I had no idea they shit the bed this much.
I’m actually surprised it took people this long to realize how truly horrible Intel leadership has been over the past 2 decades.
Intel's assets are worth more than Intel's market cap. That's how badly they're doing in the stockmarket, and also shows you how market cap is a fairly irrelevant indicator of a company's value.
