Per NXP CEO today.....
What does this mean? I’m not sure if I should be concerned or not.
Please advise financial gurus
6 replies (most recent on top)
Now guidance will expose weakness in the business next year that management was hoping to hide using the acquisition to confuse comparability. If management cuts back on providing financial forecasts in any way be VERY SCARED!
What worries me is that when the merger was announced, all the analysts went „Oh yea, that makes so much sense! This secures QCOM‘s future!“ Now what does it mean when the merger falls through? Perhaps it secures our jobs in the short term (mergers are ALWAYS followed by reductions, let‘s be realistic), but in the mid term, it‘s a catastrophe.
Have you ever sat in a meeting where some junior guy confidently says we can do this do that only to be called off by other senior members on the team? That’s what QCOM executive management looks like.
And QCOM CEO recently said he was confident the acquisition would close by year end. I think confused describes QCOM management better than confident. The truth shall set you free.... Wake up people. Don't put so much trust in what QCOM management tells you.
find the answer here scumbag:
www.stocktwits.com
Great, that means my job is safe at least into next year. Those planned layoffs are. Ot supposed to be executed until after the merger.
More time to look for something new.