Qualcomm bought Sandbridge, says analyst

Peter Clarke, EETimes
11/3/2010 8:24 AM EDT

LONDON – Qualcomm has bought 4G modem chip company Sandbridge Technologies Inc., according to Will Strauss, president and principal analyst with Forward Concepts (Tempe, Ariz.). The price paid is rumored to be about $55 million, Strauss said.

He pointed out that Qualcomm has not disclosed the deal because it considers the buy does not represent a material change to the company's financial situation.

Click here to read more ...