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Why would we use the market as a barometer for who won the deal? The market doesn't have a great track record for being right.
by terryschiavo22 8y ago
Why would we use the market as a barometer for who won the deal? The market doesn't have a great track record for being right.
- mythz 8y agoWell I'm assuming with a 26% increase in Market Cap (inc. after hours) represents 22B increase in market cap, but the $2 EPS represents ~2.4B so I'd expect a lot of the 82% institution investors knows something that's not contained in these announcements. It's a pretty big gamble to pay such a high premium and growing (up 3% after hours) unless your confident the settlement greatly benefited QCOM.