QDT has been working with Microsoft for several years on ARM-based server enablement and has onsite engineering at Microsoft to collaboratively optimize a version of Windows Server, for Microsoft’s internal use in its data centers, on Qualcomm Centriq 2400-based systems. QDT’s OCP submission is the result of a multi-faceted, multi-level engagement between the two companies to facilitate ARM adoption into the data center. It encompasses multiple areas of hardware and software including board development, firmware, operating system, compilers and tools, and CoreCLR.
NXP and Qualcomm have "submitted commitments" to the EU on 10/5/17. The EU Competition website has been updated to reflect that. This seems to suggest that a process of discussion has been moving forward during the suspension, and that we may be reaching an agreement with the EU, if the EU accepts those commitments. My assumption is that through discussions with the EU since 8/17, the submitted commitments are designed to satisfy the expressed concerns of the competition authority.
Commitments submitted in N/2 on 05.10.2017 Deadline suspended under Article 11(3) [date may differ from the Article 11(3) decision date] from 17.08.2017 Deadline suspension under Article 11(3) ended on 16.08.2017 Deadline suspended under Article 11(3) [date may differ from the Article 11(3) decision date] from 28.06.2017
NXPI is reacting by now trading at a new high, around $114.25. That suggests the arbs see this submission as a deal "positive", that will allow approvals and price renegotiation upwards. Given the soaring SOX since the deal was announced, and Paul Singer's activism (Elliott), I expect the ultimate price to be $120-125/share.
Hmmmm....high stakes poker.....I'll raise you an 'Aberle'.... I call with a 'Sewell'. Two team members forced to fall on their swords? One can only hope. Perhaps they both leave on black helicopters? :-)
By essentially confirming the Tim Cook/Jay Y Lee conspiracy, and then disclosing Apple's goal is to lower the royalty to $4/phone, which is obviously more expensive than 5% of a $18 modem, Sewell stepped into it.