Author: Bloomberg

Mr. Tan goes to Washington: the undoing of Broadcom's $117-billion bid for Qualcomm

From the start, Qualcomm’s board characterized Broadcom, and Tan in particular, as opportunistic financial engineers who lacked appreciation for the kind of long-maturity research and development that the semiconductor industry needs. In a rare display of emotion, Tan’s counterpart at Qualcomm, Steve Mollenkopf, said the offer “wasn’t even in the Read More

SEC sues Theranos and CEO Elizabeth Holmes, alleging 'massive fraud'

“The complaints allege that Theranos, Holmes, and Balwani made numerous false and misleading statements in investor presentations, product demonstrations, and media articles by which they deceived investors into believing that its key product — a portable blood analyzer — could conduct comprehensive blood tests from finger drops of blood, revolutionizing Read More