59
Qualcomm approached Intel about acquisition, report claims
(www.tomshardware.com)
So this is how the tech dark ages start. The last 40yrs are erased, and we end up back in 1979 where everyone is selling a tech stack and nothing is compatible.
Rebuilding around something which isn’t C would be a bright side.
Qualcomm buying Intel would be a top 3 worst case. Broadcom or Marvel would be the other two.
Some funny scenarios: Nvidia buys Intel, IBM buys Intel, Apple buys Intel.
They're not buying the whole of Intel. It sounds like they want to buy one of their divisions, probably their PC division.
I often wonder how such an approach actually happens. One person sends the other a message via Tinder?
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.
this post was submitted on 20 Sep 2024
59 points (100.0% liked)
Technology
34994 readers
31 users here now
This is the official technology community of Lemmy.ml for all news related to creation and use of technology, and to facilitate civil, meaningful discussion around it.
Ask in DM before posting product reviews or ads. All such posts otherwise are subject to removal.
Rules:
1: All Lemmy rules apply
2: Do not post low effort posts
3: NEVER post naziped*gore stuff
4: Always post article URLs or their archived version URLs as sources, NOT screenshots. Help the blind users.
5: personal rants of Big Tech CEOs like Elon Musk are unwelcome (does not include posts about their companies affecting wide range of people)
6: no advertisement posts unless verified as legitimate and non-exploitative/non-consumerist
7: crypto related posts, unless essential, are disallowed
founded 5 years ago
MODERATORS