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Qualcomm to buy Atheros for $3.2 billion

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'' : 'Qualcomm to buy Atheros for $3.2 billion' ; var wp_page_name = 'wp - article - ' + wp_content_id + ' - Qualcomm to buy Atheros for $3.2 billion' ; var wp_section = 'print/business'.split('/')[0] ; var wp_subsection = ('print/business'.indexOf('/') != -1 ) ? 'print/business'.replace(/\//g,' - ') : '' ; var wp_author = '' ; var wp_page_num = 'print format' ; var wp_hierarchy = 'print/business'.replace(/\//g,'|')+'|articles' ; var wp_application = ('') ? 'partner - ' : '' ; var wp_source = 'Post' ; var wp_blog_name = '' ; var wp_events = (wp_page_num == 1) ? 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That's 22 percent more than Atheros's closing price on Monday, before reports about the purchase emerged. </p> <p> Qualcomm, based in San Diego, aims to nab a bigger piece of the Wi-Fi market and escalate competition with Broadcom Corp. Qualcomm chief executive Paul Jacobs said that Atheros will provide a sales force and products tailored to consumer electronics and home networking, helping the company expand beyond mobile phones. &quot;There's an opportunity for us to fan out our impact into other devices,&quot; Jacobs said. </p> <p> The acquisition is Qualcomm's biggest since it went public in 1991, according to Bloomberg data. The deal may help Qualcomm win orders in new devices for its Snapdragon processor, which dominates the market for mobile phones running Google's Android operating system. </p> <p> <b>- Bloomberg News</b> </p> <b>STOCKS</b><br/> <b>Trading volume on Sunrise shares spikes</b><br/> <p> Sunrise Senior Living on Wednesday said that it declined to comment when contacted by the New York Stock Exchange regarding activity in its stock. Shares of the McLean-based assisted-living community operator leaped 74 cents, or 11.8 percent, to close at $7, after earlier hitting a 52-week high of $7.35. </p> <p> The stock has had a three-day run in which it gained 28 percent, with no news released by the company. Trading volume has also been well above normal for three days. On Wednesday, nearly 3.4 million shares changed hands, more than five times the 100-day average of roughly 658,000. Tuesday's volume was more than twice normal, over 1.5 million. On Monday, trading was about 22 percent higher than normal, at nearly 800,000 shares. </p> <p> Sunrise said its policy is not to comment on market activity or rumors. The company operates 320 communities in the United States, Canada and Britain. </p> <p> <b>- Associated Press</b> </p> <p> </p> <script> var comments_url = "https://web.archive.org/web/20181223105502/http://www.washingtonpost.com/wp-dyn/content/article/2011/01/05/AR2011010506338_Comments.html" ; var article_id = "AR2011010506338" ; </script><span class="display:none;" name="pubDate" id="pubDate" value="1294290000000"></span> <!--#include virtual="/wp-srv/ssi/common/article/article_comments2.html"--> <!--#include virtual="/wp-adv/ssi/ad_links_bottom/google/article/print.html"--> <!-- start the copyright for the articles --> <div id="articleCopyright" style="clear:both;" align="center">&copy;&nbsp;2011&nbsp;The Washington Post Company</div><!-- end the copyright for the aricles --><!-- start the copyright for the secions --><!-- end the copyright for the secions --> </div> </div> <!-- end visible content --> <!--#include virtual="/wp-srv/ssi/common/global_ssi_bottom.html"--> </body> </html> <!-- FILE ARCHIVED ON 10:55:02 Dec 23, 2018 AND RETRIEVED FROM THE INTERNET ARCHIVE ON 13:37:41 Nov 27, 2024. 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