Qualcomm Makes Promises To Investors As It Resists Takeover

Qualcomm touted its recent growth and future prospects in a letter sent to shareholders on Tuesday as part of the company’s ongoing fight to resist Broadcom’s hostile takeover attempt initiated late last year, in addition to making a number of promises meant to convince its investors that the company is better off on its own instead of being sold off. The San Diego, California-based tech giant promised to target adjusted earnings per share in the range of $ 6.75 to $ 7.50 for the fiscal year 2019 with a combination of continued growth and highly targeted cost cuts meant to make its operations more efficient.

The same letter once again labeled Broadcom’s historic $ 10…
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