Needles in Haystacks
Needles in haystacks? That's how you have to look at Broadcom's (BRCM) monster bid for NetLogic Microsytems (NETL) this morning in order to solidify its product line for cell phone makers including Apple (AAPL). Broadcom is willing to pay a huge premium -- NetLogic soared $16 points off a $32 basis -- because it wanted a friendly deal and it got one.
It's similar to when Google (GOOG) paid up gigantically for Motorola Mobility (MMI), again to get a friendly deal. Or when Texas Instruments (TXN) was willing to pay up more than $10 for National Semiconductor (NSM) when it was at $14. And it reminds me of Intel's (INTC) astoundingly high bid for McAfee (MFE), the tech security firm, to get that one on a friendly basis....309 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.
Already a Subscriber? Please login.
