Qualcomm: Broadcom Would Throw Licensing to the Wolves, Says Bernstein

Broadcom's Hock Tan intends to take Qualcomm's licensing business and "throw it to the wolves" if he gets his hands on the company, speculates Bernstein chip analyst Stacy Rasgon, trading rich royalty dollars for greater chip sales, based on his conversations with Broadcom and with investors. That could mean an ugly proxy fight is coming, he speculates.

Comcast, Disney, Fox: Urge to Merge is Questionable, Says Media Reporter Auletta

As CNBC's David Faber reports on continued talks between Comcast and Disney and 21st Century Fox to buy parts of Fox, media observer Ken Auletta appeared on the channel to throw cold water on the notions behind it, questioning the premise of media companies getting bigger scale, and expressing puzzlement at the notion Fox would want to sell its TV production unit.

Intel To Ride the Rise in Artificial Intelligence Chips, Says Daiwa

Investors underestimate Intel's ability to compete in the growing market for artificial intelligence chips, argues Deepak Sitaraman of Daiwa Securities, as he starts coverage of the stock with a Buy rating. They're second only to Nvidia at the moment, and show much promise, he believes, as data center and automative markets look set to gobble up A.I. chips.

PayPal: M&A Spree Could Follow Credit Sale, Says Stifel

PayPal gets cheers today from both bull and bear for offloading its consumer loan portfolio to financial partner Synchrony, and one sell-side analyst, John Davis of Stifel Nicolaus, thinks the big cash pile from the sale could be put to a large acquisition.

Stitch Fix: Data Scientists of Apparel Rise 16% on Nasdaq Debut

Shares of Stitch Fix (SFIX), the six-year-old San Francisco startup that uses “data science” to sell apparel and other items, both from brand names and its own private-label merchandise, are up $2.49, or 16%, from their initial public offering price of $15, at a recent $17.49, after opening at $16.90. The deal priced below an initial […]

Comcast in Talks with Fox About Acquisition, Says WSJ

Following a report last week that Walt Disney (DIS) had held talks to acquire 21st Century Fox (FOXA), The Wall Street Journal’s Dana Mattioli and Keach Hagey this afternoon report that Comcast (CMCSA) “has approached” Fox “to express interest in an acquisition,” citing multiple unnamed sources.  The authors write that it’s not clear if Comcast is interested […]

Asus Seeks to Add Toshiba’s De Minimis PC Share, Says Nikkei

Taiwan's Asus is in talks with Japan's Toshiba to buy the latter's personal computer market, according to the Nikkei Asia Review. Though Toshiba has minimal share in the market, it might be a strategic fit for fourth-place Asus, as it looks for a foothold among corporate PC buyers.

Apple Could Tip the Balance in Broadcom Bid for Qualcomm, Says Cowen

Apple, Qualcomm's biggest customer, is engaged in litigation with the chip maker, and that acrimonious relationship might be just the thing to help Broadcom CEO Hock Tan, if he can convince regulators his bid for Qualcomm would resolve the two companies' disputes, according to a report from Cowen & Co.'s Carl Ackerman.

Cisco Jumps 6%: CFO Kramer Trumpets Surge in Deferred Revenue

In an interview following Cisco's upbeat quarterly forecast, CFO Kelly Kramer talked about how the continued surge in the company's deferred revenue from "recurring" product sources, such as software subscriptions, proves the company's "transformation" is going well. Cisco stock rose almost 6% in late trading following the forecast.

Cisco Jumps 4%: FYQ2 View Beats, Apps Shine

Cisco stock climbed by 4% in late trading after it beat quarterly profit expectations by one penny, and forecast results for both revenue and profit this quarter higher than Wall Street was modeling.