Intel (INTC) is reportedly so concerned about a potential Broadcom (AVGO) Qualcomm (QCOM) tie up, that it may try to acquire Broadcom.
That's according to a report in The Wall Street Journal on Friday.
Kenny Polcari, managing director of O'Neil Securities isn't surprised about Intel's potential plans to throw a wrench into what would be the largest technology deal ever (Broadcom's acquisition of Qualcomm, which still awaits shareholder and regulatory approval.)
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Despite the president's promise of no stimulus until after Nov. 3, there are no signs yet that this is the sort of correlated selling that leads to a deep correction.
Breaking down an approach to the long side of this biotech stock.
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