Horton: “We’re on the verge of reaping the benefits of all the investments we’ve made in 5G, which is rolling out in a very profound way over the next couple of years. And we’ve just closed on the NXP deal, which has $1.50 of accretion inherent in it so that part of the puzzle has now been put in place.”
Qualcomm shares are down 1.9%.
Broadcom shares are up 2.3%.
NXP Semiconductors (NASDAQ:NXPI) is up 6.1%.
Previously: Qualcomm increases NXP offer to $44B, activist investor approves (Feb. 20)
Previously: Broadcom: Qualcomm's boosted NXP offer a unilateral value transfer (Feb. 20)