|So Walkley says Qualcomm is worth $100. Why isn't he pounding the table about his epiphany and telling everyone to gobble up Qualcomm shares here at $65? |
What was he doing when it was trading at $50? Not a lot has really happened since then.
A large chunk of that differential comes from the idea that Broadcom would be able to settle the Apple battles on terms that wouldnt destroy QTL's value.
The analysts seem to think this make sense but of course, their banks are likely to make large sums of money off of this deal.