Intel is about 5 times the size of Qualcomm in terms of equity.
i found this article:
Intel’s shares closed up 3.3%, while Qualcomm fell 2.9%. Qualcomm, with a market capitalization of $188 billion, is worth about twice as much as Intel.
So based on Intel’s shitty stock price, Qualcomm can buy a good chunk of Intel which is enough for voting power I guess. Someone please correct me or add insight to this.
Intel’s assets are worth more than Intel’s market cap. That’s how badly they’re doing in the stockmarket, and also shows you how market cap is a fairly irrelevant indicator of a company’s value.
What how? Intel is still huge compared to Qualcomm no?
Intel is about 5 times the size of Qualcomm in terms of equity.
i found this article:
source
So based on Intel’s shitty stock price, Qualcomm can buy a good chunk of Intel which is enough for voting power I guess. Someone please correct me or add insight to this.
I knew intel have been doing horribly recently, but they are only $83.3B market cap, I had no idea they shit the bed this much.
Intel’s assets are worth more than Intel’s market cap. That’s how badly they’re doing in the stockmarket, and also shows you how market cap is a fairly irrelevant indicator of a company’s value.
I’m actually surprised it took people this long to realize how truly horrible Intel leadership has been over the past 2 decades.