Brian H: Well, it is frustrating for any company to be under a sort of NDA when signing the deal. Someone previously mentioned a Union dispute in the US, where the management won but couldn't say anything about it, as it was part of the deal -I thought that comment was very astute. If analysts thought that the price tag was 1 Billion US then it would hit Ericsson financially and help fuel the rumors that they capitulated (which to this day, with what I have been told, I think is wrong). Also, in the last week Ericsson has acquired 2 IP related companies for just under 500 USD million (then add the Qcom infra deal in and you can imagine what some financial analysts would think). However, Qualcomm needed to do something with the division and Ericsson certainly would like a cheap in-road to new markets...hence it was a win-win situ!
I am surprised that they made any comment about it though and not sure how it slipped out...mind you re-reading your post, the price was a quote from Svenska Dagbladet...but Pia Gideon didn't exactly deny it.
Oh well, at least the price is out in the open, we'll just have to wait for the rest to surface.
Okay, I am jealous that I don't have Qcom in my small portfolio...but hey, well done to you guys.
Cheers,
Mika |
