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Qualcomm approached Intel about acquisition, report claims (www.tomshardware.com)

submitted 3 months ago by KarnaSubarna@lemmy.ml to c/technology@lemmy.ml

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[–] IllNess@infosec.pub 9 points 3 months ago (1 children)

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.

source

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.

[–] warm@kbin.earth 8 points 3 months ago (2 children)

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.

[–] yeahiknow3@lemmings.world 6 points 3 months ago

I’m actually surprised it took people this long to realize how truly horrible Intel leadership has been over the past 2 decades.

[–] drspod@lemmy.ml 6 points 3 months ago

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.