Activist aims to stop this merger

Article Excerpt

NXP SEMICONDUCTORS NV $122 (Nasdaq symbol NXPI; Manufacturing & Industry sector; Shares outstanding: 339.0 million; Market cap: $41.4 billion; No dividend paid; Takeover Target Rating: Medium; TSINetwork Rating: Average; www.nxp.com) is a computer chip company that provides high-performance mixed-signal and standard semiconductors. Its products are used in car keyless-entry systems, in-vehicle networking, and car radio and audio amplifiers. The company also develops audio software for mobile devices. NXP is currently the target of a takeover bid from QUALCOMM INC. $57 (Nasdaq symbol QCOM; Manufacturing & Industry sector; Shares outstanding: 1.5 billion; Market cap: $85.5 billion; Dividend yield: 3.9%; Takeover Target Rating: Medium; TSINetwork Rating: Average; www.qualcomm.com). Qualcomm makes computer chips that are mainly used in cellphones and other mobile devices. It also owns the dominant wireless network standard in the U.S.—CDMA, or code division multiple access. In addition, Qualcomm makes chips widely used outside of North America. That technology is based on the GSM (global system for mobile communications) standard. Qualcomm initially offered $110.00 a share for NXP…