Qualcomm investors say Broadcom will need to hike its bid to at least $80 to snag the company

It was exactly one week ago today that Qualcomm announced that it was rejecting Broadcom’s unsolicited $70 a share offer for the company that designs the Snapdragon line of mobile chipsets. The deal was to be a combination of cash and stock with each Qualcomm share to be exchanged for $60 in cash and $10 in Broadcom equity. The total value of the transaction would be approximately $105 billion, which would make it the most valuable acquisition in tech history.

Broadcom was willing to pay the big bucks despite the strong possibility that Qualcomm’s modem chip will be designed out of the 2018 …


Apple says that the number of iPhone X pre-orders received are much more than the company expected

Hours after Apple started accepting pre-orders for the Apple iPhone X, the company said that pre-orders are “off the charts,” indicating strong demand for the phone. An Apple representative called it the largest pre-order ever for the company, and stated that the number of phones preordered is well ahead of Apple’s forecast. As of 3pm EDT today, the Apple web site was indicating that new orders will ship in 5 to 6 weeks. Apple sold out its initial stock of iPhone X units quickly. For weeks, we have heard from several analysts that Apple was having issues manufacturing the tenth anniversary model …

Elon Musk's Boring Company gets permission to dig a 10-mile tunnel in Maryland

TwitterFacebook

The hyperloop is moving ahead. 

Elon Musk got permission from Maryland officials for his Boring Company to build a 10-mile tunnel in the state, the Baltimore Sun reported. The tunnel would be the first part of Musk’s envisioned hyperloop to transport people underground between New York and Washington, D.C. 

“This thing is real. It’s exciting to see,” Maryland Transportation Secretary Pete Rahn told the Sun. “The word ‘transformational’ may be overused, but this is a technology that leapfrogs any technology that is out there today. And it’s going to be here.”

The 10.3-mile tunnel will be situated beneath the Baltimore-Washington Parkway. Even though the tunnel is part of Musk’s futuristic vision, this first step only required the usual utility permits—just like any electric company getting state permission to dig underground.  Read more…

More about Tech, Maryland, Hyperloop, Boring Company, and Tunnels

John Chen says BlackBerry's transformation is complete, company is "out of danger"

Consider the state that BlackBerry was in when John Chen replaced Thorsten Heins as CEO in 2013. BlackBerry 10, a gesture based operating system built by the company’s QNX division, and the new handsets designed to run it, both failed to generate the sales necessary to lift the company’s moribund market share. And BlackBerry’s largest shareholder pulled out of a deal to buy the manufacturer for $9 a share. Chen had a new vision for the company, one that saw it focused on software and the IoT.

The new direction that Chen decided to steer BlackBerry in still leaves room for new ‘Berry branded …

CEO of Samsung Electronics resigns; company forecasts record Q3 operating earnings

On Friday, Samsung announced that the CEO and Vice Chairman of Samsung Electronics, Kwon Oh-hyun, plans to resign. He is known as “Mr. Chip” for turning Samsung into the world leader in memory chips. The announcement shocked some Samsung followers. According to Park Ju-gun, head of research firm CEO Score, “The timing is nonsensical. Samsung tipped record earnings, it’s going to be better in the fourth-quarter, and all that’s been driven by Kwon’s components business.”

In addition to announcing Kwon’s resignation, Samsung said that it would report record third quarter operating earnings …

Essential phone company valued at $1.2B before shipping anything

Andy Rubin deserves a lot of faith in the mobile world given his record being the creator of Android and before that, the Danger Hiptop (aka Sidekick). However, it may seem odd to some that his new company, Essential, has been valued at $1.2 billion despite having not shipped a final product yet.

Rubin announced the Essential Phone, along with a home assistant, at the end of May and at the time it was made clear that the company was not taking preorders for the device, but rather just “reservations”. As of a few weeks ago, Rubin sent out an update claiming the first devices would …

How to survive a 'Game of Thrones' sex scene with awkward company

TwitterFacebook

Warning: There might be a spoiler or two if you’ve never watched before or you’re very behind. 

It’s Game of Thrones season again and you know what that means! Blood, betrayal, and buttloads of sex. 

Despite (or possibly because of) all the sexy stuff that goes down in GoT, it really is a show pretty much anyone can enjoy. 

However, if your family gathers around the TV Sunday nights to see what’s going down in Westeros, things have potential get a liiiiittle awkward. 

So instead of excusing yourself to go get a glass of water (what if you come back too late and miss a major plot point), here are some solutions to various uncomfortable sex scene situations.  Read more…

More about Watercooler, Sex, Game Of Thrones, Sex Scenes, and Culture

Something is fishy at Essential as the company loses its third exec in just one month

Bad news for Essential and all fans hoping the startup led by Android founder Andy Rubin would find a worthy place in the smartphone industry. After the successful reveal of its first product, instead of bringing the Essential Phone on the market as quickly as possible, the company kept delaying it.

Then, people started to leave the business, and we’re not talking about mid-management, but top executives picked by Andy Rubin to form a formidable team capable of competing with some of the most appealing Android and iOS devices on the market.

At the beginning …

Did Apple CEO Tim Cook really tell Trump that the company is building a trio of U.S. factories?

This past Tuesday, in an interview with the Wall Street Journal, President Donald Trump said that Apple CEO Tim Cook had promised Trump that he was going to build three “big, big, big” factories in the U.S. The president also said that Cook had called him to say that Apple was going forward with the U.S. factories. But Apple has historically strayed from using its own factories; the company currently owns just a single plant and that one is in Ireland.

Apple’s use of contract manufacturers angers Trump, who called out Apple during the campaign for not making its mobile devices in the U.S. …

Fortune: Apple is the most profitable company in the world

Thanks to the iPhone, Apple is already the most valuable company in the world. Based on its market capitalization (share price multiplied by shares outstanding), Apple is worth more than $784.5 billion. The company grossed $215 billion during its latest fiscal year, which placed it ninth in the world for that category. For the second fiscal quarter of 2017, the iPhone was responsible for 63% of Apple’s revenue which shows you how important that product is to the success of the company.

What good is attracting all of this business if the company is not profitable? Apple surely doesn’t have …