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Broadcom Billionaire Arrested After Hotel Room Find

Cops say case contained heroin, cocaine, meth

(Newser) - With an estimated fortune of $3.1 billion, Broadcom co-founder Henry Nicholas III can afford a good lawyer—and he's going to need one. The 59-year-old billionaire was arrested in Las Vegas this week along with companion Ashley Fargo on suspicion of trafficking drugs including heroin, cocaine, MDMA, and... More »

Plug Pulled on Potential Biggest Tech Deal Ever

Qualcomm rejects Broadcom's $103B offer

(Newser) - It would have been the largest tech acquisition ever, per CNBC , but Qualcomm is saying no thanks. It rejected an unsolicited, $103 billion offer from Broadcom, saying that the proposal is significantly undervalued and that a tie-up between the massive chipmakers would face substantial regulatory resistance. Further, Qualcomm said Monday... More »

2 of the World's Biggest Chipmakers May Merge

Broadcom offers $103B for Qualcomm

(Newser) - Broadcom made an unsolicited $103 billion offer for rival chipmaker Qualcomm, the tech industry's largest attempted takeover that is destined to come under intense regulatory scrutiny, the AP reports. The company said Monday that it wouldn't have pushed forward with the proposed buyout if it wasn't confident... More »

Not Guilty-Plea From Ex-CEO in Drug, Fraud Rap

Broadcom honcho said to spike drinks with ecstasy, commit bribery

(Newser) - Broadcom co-founder Henry Nicholas pleaded not guilty yesterday to securities fraud and drug charges, the AP reports. The former microchip king was accused of false accounting as well as dropping ecstasy into associates’ drinks, running a drug warehouse, and using bribery and death threats to keep it all quiet. The... More »

Ex-Broadcom Boss Charged With Drugging Exec Drinks

Dozens of drug, fraud charges for billionaire

(Newser) - Broadcom's co-founder has been indicted on an astounding spate of federal fraud and narcotics charges, the Wall Street Journal reports. Henry Nicholas III is accused of using and distributing drugs over a seven-year period while directing a criminal stock options-backdating conspiracy that cost the firm billions. Prosecutors claim he secretly... More »

Broadcom Execs Charged With Backdating Stock Options

Chip-maker allegedly hooked up employees

(Newser) - The SEC has filed civil charges against four top Broadcom execs, alleging that the men backdated employee stock-option grants between 1998 and 2003, the Wall Street Journal reports. The suit seeks fines and also the return of their illegal gains. The chip-maker—one of the boom companies of the 1990s—... More »

Qualcomm Loses Patent Battle

Ordered to pull cellphone chips that infringe on rival's patents

(Newser) - A federal judge has ordered Qualcomm to pull off the market special feature cellphone chips that infringe on three Broadcom patents. Qualcomm can keep selling some of the chips for the next 13 months if it pays royalties to Broadcom, reports the Wall Street Journal. The ruling is the latest... More »

Legal Woes Haunt Qualcomm

Battles with Nokia and Broadcom take toll on stock despite record results

(Newser) - Qualcomm reported record sales and profits for its 2007 fiscal year, but if its executives thought that would please a jittery Wall Street, they were wrong, as shares fell in after hours trading. The Financial Times reports the company is in a long-running and costly multinational legal battle with Nokia,... More »

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