Goldman Sachs Comments On Qualcomm Acquisition Of Atheros

According to Goldman Sachs, Qualcomm QCOM announced it had completed the acquisition of Atheros for an enterprise value of $3.1 bn. Goldman Sachs said that the acquisition is expected to be modestly dilutive to EPS in FY2011 and modestly accretive in FY12, consistent with Qualcomm's original guidance issued on 1/5/2011. “There is no change to our 12-month price target of $68, based on 18X our new CY12 non-GAAP EPS estimate of $3.68.” Qualcomm closed yesterday at $56.31.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
date
ticker
name
Price Target
Upside/Downside
Recommendation
Firm
Posted In: Analyst ColorAnalyst RatingsCommunications EquipmentGoldman SachsInformation TechnologyQualcomm Inc.
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!