Qualcomm rejects the new bid from Broadcom. http://www.businessinsider.com/r-qualcomm-rejects-broadcoms-revised-buyout-offer-2018-2?nr_email_referer=1&utm_source=Sailthru&utm_medium=email&utm_content=10ThingsOpeningBell&pt=385758&ct=Sailthru_BI_Newsletters&mt=8&utm_campaign=Post%20Blast%20%28moneygame%29:%2010%20things%20you%20need%20to%20know%20before%20the%20opening%20bell&utm_term=10%20Things%20Before%20the%20Opening%20Bell%20-%20Engaged%2C%20Active%2C%20Passive%2C%20Disengaged
Long-term, Qualcomm is probably right in that Broadcom is undervaluing them. Near-term, it’s affecting the stock like I figured it would and it’s why I encouraged those that have profits in it to sell and those that were potentially unprofitable, that it is fundamentally strong enough to continue to hold.
Do you have an opinion on QCOM's decision?