While Mellanox clocked 19% to 30% in revenues in 2014 to 2016, its current revenue target is 0.5%. Starboard Value LP, an ativist hedge fund has begun a proxy fight for control of Mellanox Technologies Ltd, an Israeli chipmaker, which it said is deeply undervalued. Starboard, holding a 10.7% stake – the largest shareholder of…
Analysts expect Atos to come back with a better deal. Gemalto has also not closed its doors to any further deal. On Thursday, with Franco-Dutch chip maker Gemalto rejecting Atos $5 billion (4.3 billion euro) takeover bid, shares of Atos fell sharply by as much as 2.8%. On the French blue-chip CAC 40 index, early…
Analysts are expecting Samsung’s memory chip business to be its cash cow. On Tuesday, Samsung Electronics Co Ltd’s shares rose by 4.5% on analysts’ expectation that the world’s no. 1 memory chip maker will announce record profits for its memory chip business for the second quarter. Samsung’s shares marked their biggest intraday jump since October…
The allegations and the counter allegations make for a brief interesting read. Qualcomm Inc has hit back hard at Apple Inc’s charges that were made in its January lawsuit, stating that the U.S. company had breached multiple agreements and had encouraged regulatory attacks on its business in various jurisdictions around the world by making false…
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