The company says it's worth more than Broadcom's $70-a-share offer.
Qualcomm's stock climbed 1.2% in premarket trading, while Broadcom declined 0.6%.
This comes after Qualcomm said that the nine men and two women in its board of directors had all agreed that the offered buyout package sorely undervalued Qualcomm's share value and its future growth prospects. The language, obviously, left open the door to a higher bid.
Broadcom has shown its willingness to buy Qualcomm regardless of whether it closes the NXP deal.
Broadcom has also been deliberating the possibility of raising its bid for Qualcomm, including through more debt financing, some of the sources said, although it was not clear when Broadcom would choose to make such a move.
Steve Mollenkopf, CEO of Qualcomm believes that the chipset manufacturer holds an edge in the semiconductor industry and continues to provide value to stockholders.
Wilkins: Loftus-Cheek can match Dele Alli
Southgate added: "He did everything I know he can do". "It took him 10 minutes to realise he's OK here". I had Gareth in charge for almost three years with the under-21s and the boys have been great.
3 takeaways from Hokies' loss to Georgia Tech
Just don't know how many times we're going to get down there, quite honestly. "It's disappointing", Kumah said. Both were incomplete, including a deep pass down the middle for Cam Phillips that Kerr knocked away.
That was a not-so-veiled threat to pursue a hostile takeover if necessary.
Paul Jacobs, Executive Chairman and Chairman of the Board of Qualcomm Inc. said this about the potential acquisition. Tan is known as a fierce cost cutter, who buys companies and eliminates overhead and cuts back on research and development. Time will tell, but if Broadcom wants to add Qualcomm to its portfolio, it'll definitely have to up the stakes. But, now Qualcomm officially rejects that offer of 103 Billion dollars. "We believe Broadcom is likely to increase its bid, contributing to our increased price target".
The takeover bid came during a bad year for Qualcomm, which has been locked in battle with Apple.
But any deal would need to pass muster with Qualcomm shareholders and could face regulatory scrutiny in the United States and other markets.
Qualcomm shares closed at $64.57 on Friday, while Broadcom ended at $264.96.
On Monday, Qualcomm's (qcom) shares were up to nearly $66, though still below the $70 bid.
Samsung quietly unveils its next chipset, the Exynos 9810
This suggests the company's A5 smartphone will do away with hardware buttons on the front and strive for a "screen-only" feel. As mentioned above, the upcoming Galaxy A5 (2018) and Galaxy A7 (2018) are pegged to arrive with Infinity Display design.
European Union members ink landmark defense agreement
Ms Mogherini said that by coordinating their efforts, European countries would get better value for money in defence. This has led to unease by European allies that the USA was not committed to the alliance's mutual defense pact.
Son scores 2 to give South Korea 2-1 win over Colombia
Things happen during a game like this. "Colombia have world-class players, and I was extremely disappointed to see such action". Colombia heads to China for another World Cup warm-up match on Tuesday, while South Korea hosts Serbia.