Trump blocks Broadcom takeover bid for Qualcomm
The decision, announced late Monday, abruptly ends Broadcom's four-month, $117 billion bid to buy Qualcomm — a deal that would have been the largest ever completed in the technology industry.
In a statement, Broadcom said it "strongly disagrees" that the acquisition raises any national-security concerns. Qualcomm did not immediately respond to a request for comment.
Trump's order gives Broadcom few options other than to drop its bid, said Macquarie Securities analyst Srinivas Pajjuri.
Broadcom faced challenges almost from the start of its quest. Qualcomm quickly spurned its unsolicited suitor and continued to resist even after Broadcom raised its original offer from $103 billion.
Broadcom's Singapore connections complicated matters, even though the company maintained its physical headquarters in Silicon Valley and virtually all of its shareholders are in the U.S.
The Trump administration nevertheless balked at the prospect of a prominent U.S. chipmaker being owned by a foreign company, particularly at a time countries around the world are gearing up to build ultra-fast "5G" mobile networks that could tip the balance of power in technology.
Qualcomm is fending off allegations in complaints filed by Apple and government regulators around the world that it has abused the power of its mobile patents to throttle competition and charge excessive royalties for its technology.
Broadcom CEO Hock Tan had seized on Qualcomm's legal headaches in his attempt to persuade the U.S. government to keep the deal alive. "Qualcomm faces a number of challenges that hamper its role in developing 5G," Tan wrote in a letter sent to U.S. Congress last week. Unlike Qualcomm, Tan said, Broadcom financed its innovation through "lawful practices."
Trump decided to squelch Broadcom's bid on the recommendation of the Committee on Foreign Investment in the United States, which reviews foreign purchases of U.S. entities.
The decision didn't come as a surprise. Earlier this month, the committee branded the proposed deal a potential security risk that could hobble the U.S.'s ability to make the smooth and quick transition to 5G.
In an attempt to ease those worries, Broadcom last week pledged to make the U.S. a leader in the race to build 5G networks, saying it would create a $1.5 billion fund to support the effort if took control of Qualcomm.
Broadcom also tried to curry favor by moving its legal headquarters from Singapore to the U.S within the next few weeks.
Singapore became Broadcom's legal home two years ago after it was sold to Avago, a company that once was part of Silicon Valley pioneer Hewlett-Packard.
Broadcom's company's physical headquarters is already in San Jose, California — about 450 miles from Qualcomm's headquarters in San Diego.
Now that Broadcom has been shoved aside, Qualcomm will be under pressure to prevent its stock price from sinking while trying to complete its own proposed takeover — a proposed $43 billion purchase of NXP Semiconductors.
"Now it's on (Qualcomm's) management to deliver on what they promised," Pajjuri said.
Liedtke reported from San Francisco. AP Technology Writer Ryan Nakashima in San Francisco contributed to this story.
March 13, 2018
Sources: ABC News
days of spring or preparing for an incoming snow storm, there are plenty of online shopping deals out there to snag. For those of us stuck inside today, it may be time to perfect your favorite recipe or curl up with a good book. Luckily, Amazon is filled with sales and price drops for all these needs—and more.</p>
of collecting your information. One big culprit: Web trackers, like cookies embedded into websites and their ads. They are everywhere, and they follow your activities from site to site.</p><p>Here are some answers to questions that many people are posing to The New York Times via social media.</p><p>There are plenty of alternatives to WhatsApp. But they have drawbacks and aren’t as far-reaching as WhatsApp, which has more than 1.5 billion monthly users.</p><p>Instagram, which has more than 800 million monthly users, is also a tough one, giving Facebook a stranglehold on photo sharing. The only real competitor to Instagram is Facebook itself, which has its own photo-sharing features. Remember Flickr? The Yahoo-owned site is the closest thing either has to a competitor, and it’s like a graveyard of people’s digital memories before they abandoned it for Facebook and Instagram.</p><p>Advice and tips on the technology changing how you live.</p><p>Please verify you're not a robot by clicking the box.</p><p>Facebook is the one-stop shop to accomplish all those tasks. But if you have the patience, you can juggle multiple apps to cobble together the same experience.</p><p>As for customer service, many companies use Twitter to engage with their customers and resolve complaints. Yelp, the reviews site for local businesses, is a common place for customers to talk about their experiences, and business owners often engage with people there.</p><p>After you delete your account, it won’t be recoverable. But there are caveats.</p><p>Shadows of your digital self would remain on the site. For example, if people uploaded photos of you, those photos will still be there. The conversations you had with friends through Facebook won’t disappear, either.</p><p>When you delete your account, you are only deleting the media you posted, like your status updates and photos that you uploaded. That’s not going to do much for your privacy, considering that an overwhelming amount of what you do on Facebook involves engaging with other people. All of your friends (and their friends, too) would also have to delete their accounts in order to have any sort of meaningful effect.</p><p>One painful part of breaking up with Facebook would be potentially losing access to the many third-party apps and websites that are tied to your account. Over the past decade, many shopping sites and apps teamed up with Facebook to use the company’s login tool, Facebook Login.</p><p>If you were to delete Facebook, you would break your access to many sites and apps that you signed up for using Facebook Login. But fortunately, many sites and apps still let you sign up for accounts directly through them, and many also let you log in through your Google account.</p><p>It’s not impossible to delete Facebook. But it would be a long and tedious process to create new accounts for all the apps and sites you use.</p>
his company’s commitment to being a steward of people’s personal information, Facebook’s chief executive, Mark Zuckerberg, said on Wednesday that the social network had made mistakes and that it was taking action to prevent users’ data from being improperly harvested.</p><p>“We have a responsibility to protect your data, and if we can’t then we don’t deserve to serve you,” Mr. Zuckerberg wrote.</p><p>Those revelations were just the latest to raise red flags about Facebook’s handling of user data and security, and came after the company has faced intense criticism over Russian manipulation of the platform before and after the 2016 presidential election as well as the rise of misinformation on the site.</p><p>The resulting backlash has thrust Facebook into its worst crisis since it was founded in 2004. The information, photos and other content that users post and their frequent engagement with the platform is crucial to the social network, and its business. Questions about user privacy and security threaten to derail that mission, at a time when people are already concerned about whether the use of technology can bring good or ill.</p><p>The Bits newsletter will keep you updated on the latest from Silicon Valley and the technology industry.</p><p>Please verify you're not a robot by clicking the box.</p><p>Inside Facebook, even staunch supporters of Mr. Zuckerberg have described a tense atmosphere. Some employees have sought to transfer to other divisions, such as the messaging app WhatsApp and the photo-sharing platform Instagram, calling their work on Facebook’s main product “demoralizing.”</p><p>His silence on the matter has prompted mounting criticism in the past few days. While Facebook held a staff meeting on Tuesday to answer questions about Cambridge Analytica and the surrounding outcry, Mr. Zuckerberg did not appear at the event.</p><p>On Wednesday, Mr. Zuckerberg said in his post that Facebook would investigate apps that had access to “large amounts of information” from the social network before it made a policy change in 2014 and clamped down on some of the data access. He also said the company would restrict developers’ data access to the social network.</p><p>In addition, Mr. Zuckerberg said there should be more disclosure about the apps that people have used and how to revoke the apps’ permission to that data. Mr. Zuckerberg said a tool would be rolled out in the next month that would make that information more transparent.</p><p>“We also made mistakes, there’s more to do, and we need to step up and do it,” he wrote.</p><p>Sheera Frenkel reported from San Francisco and Kevin Roose from New York.</p>
load the crock with meat and veggies in the morning, set the cooker on low, and eight hours later, we come home to a tasty meal that's been simmering all day. After dinner, we clean it all up.</p><p>Okay, not quite all of it. We soak and scrub the crock, even run it through the dishwasher sometimes, along with the glass lid. But the metal pot, the part that heats up—well, let's just say we never thought about it much.</p><p>Until the last time I took the crock out to move it over to the sink for washing, and I was shocked by what I saw inside the metal pot: baked on crud. The pot itself is not immersible. And you can't fill it with water and float the grime away. You've got to go in there and clean it by hand.</p><p>So, I tackled it all. I didn't have to buy anything special to clean it, just used things I had around the house. It didn't take long, probably fifteen minutes, and it would have taken less time if I had been cleaning the pot regularly. (Lesson learned.) </p><p>When you're ready to clean up your slow cooker, grab your supplies and follow the steps below.</p><p>As I've learned, you need to clean your slow cooker as soon as you can. The residual warmth is your friend in terms of removing stuck-on food. So unplug it (of course) and get started.</p><p>If there are still some stains, try scrubbing them off with some baking soda on a damp scrubbie. The baking soda is a mild abrasive that will help remove baked-on food.</p><p>Yes, you can clean the crock in the dishwasher, but if you do, be careful not to block the spray arm, or the rest of the dishes in there won't get clean. </p><p>If using elbow grease is not enough to clean off the baked on food, you can pour a small amount of ammonia into a small bowl that fits inside the metal pot, put the cooker cover on, and let the fumes do their work for a few hours. </p><p>Wipe out the pot with a damp cloth or paper towel. </p><p>Now that the inside is clean, move onto the exterior.</p><p>You're done. Reassemble the pot, stow it away, and you're ready to cook tomorrow's dinner. Next time you prepare a meal in your slow-cooker, mist the crock (NOT the metal parts) with some vegetable oil or cooking spray first. That will make clean up easier in the future.</p>
nderstand exactly what happened and how to make sure this doesn't happen again." </p><p> "We have a responsibility to protect your data, and if we can't then we don't deserve to serve you," he said. </p><p> Zuckerberg said the "most important actions to prevent this from happening again" took place "years ago," but that the company has "made mistakes." </p><p> The employee, Christopher Wylie, told ABC News he helped found the firm and worked there until 2014. </p><p> "Cambridge Analytica will try to pick at whatever mental weakness or vulnerability that we think you have and try to warp your perception of what’s real around you," Wylie said. "If you are looking to create an information weapon, the battle space you operate in is social media. That is where the fight happens." </p>
Facebook CEO Mark Zuckerberg breaks silence on data scandal: 'We don't deserve to serve you' without security
or redistributed. ©2018 FOX News Network, LLC. All rights reserved. All market data delayed 20 minutes.</p><p>Facebook's founder and CEO breaks silence on Cambridge Analytica 'situation,' says the social network is taking steps to address the issue and ensure it doesn't happen again.</p><p>Facebook CEO and co-founder Mark Zuckerberg on Thursday broke his silence regarding the social media site's role in what he called the "Cambridge Analytica situation," in which the research firm allegedly accessed 50 million Facebook user profiles improperly.</p><p>In a post, Zuckerberg wrote that Facebook has "a responsibility to protect your data, and if we can't then we don't deserve to serve you."</p><p>Claiming that the company is working to "make sure this doesn't happen again," Zuckerberg gave a brief timeline of Facebook's relationship with Cambridge Analytica.</p><p>Zuckerberg said that in 2013, Aleksandr Kogan, a researcher with Cambridge University, created a quiz app that was installed by roughly 300,000 people who shared their data, "as well as some of their friends' data."</p><p>"Given the way our platform worked at the time this meant Kogan was able to access tens of millions of their friends' data," the CEO wrote.</p><p>This material may not be published, broadcast, rewritten, or redistributed. ©2018 FOX News Network, LLC. All rights reserved. All market data delayed 20 minutes.</p>
ad of the story, update authorities and the public regularly, assume responsibility and take decisive action. Crisis-management experts say Facebook is 0-for-4.</p><p> Meanwhile, Facebook users have been leaving the social network or mulling the possibility , and Facebook's stock is down 9 percent since Friday.</p><p> Facebook's handling of the growing public-relations crisis is remarkable in that one of the world's biggest companies seems not to be playing by well-established crisis-management rules.</p><p> "This will go down as the textbook case study as how not to handle a crisis," said Scott Galloway, a New York University professor of marketing. "The only thing we know about this and are comfortable predicting is that it's going to get worse."</p><p> Zuckerberg is likely to speak soon. A person familiar with the matter who was not authorized to discuss the matter publicly and spoke on condition of anonymity said Wednesday that Zuckerberg planned to speak sometime within the next day with a "focus on rebuilding trust."</p><p> It's likely the delay was due to top brass working out legal aspects of the Cambridge Analytica case. But that doesn't matter to the public.</p><p> "It's likely they are trying to coordinate a careful response, but each day of silence costs them more losses in terms of public trust," said Safiya Noble, assistant professor of information studies at the University of Southern California. "This is translating to economic losses too, so the silence is not insignificant."</p><p> "At this point, 'Why did you wait so long to make a statement?' is now news in itself," added Paul Argenti, a business professor at Dartmouth.</p><p> Most Fortune 500 companies adhere to well-established crisis-management rules. When video surfaced of a passenger being dragged from an overbooked United Airlines flight last April, for example, CEO Oscar Munoz at first hedged but then apologized . When Pepsi ran an ad last spring featuring Kendall Jenner that appeared to trivialize the "Black Lives Matter" movement, the company pulled the ad , saying, "Clearly we missed the mark, and we apologize."</p><p> The point is to at least make an effort to seem remorseful to win back public trust, experts say. But despite user outcry on its own Facebook page and a call from Congress for Zuckerberg to testify about Facebook's role in election-meddling, Facebook seems to be charting its own course.</p><p> It's a pattern Facebook has long followed, said Helio Fred Garcia, a professor of crisis management at NYU and Columbia University in New York. Facebook hedged during its early days in 1997 over a controversial advertising program called Beacon that did not alert users it was sharing their activity, and it did so again in its response to Russian bots hijacking Facebook ad software during the Trump campaign in 2016.</p><p> "Facebook has been too late. Facebook has done too little and has been too legalistic" each time, Garcia said. "I have yet to find a crisis Facebook handled that I could stand in front of crisis management classes and say, 'Here's an example of how to handle a crisis.' They've never been able to handle a crisis."</p><p> Once Zuckerberg addresses the public, the PR flap may eventually be forgotten. But it will take a lot longer than if the company had addressed public concerns immediately, Garcia said.</p><p> "It's much harder to restore trust once it has been lost than to preserve trust before it has been lost," he said.</p>
n’t exist. But it could — not long from now. </p><p>They explained how their finned robot was created, and how her first ocean swim on a coral reef outside of Fiji went. Robotic fish like her could be essential to understanding and protecting marine life in danger of disappearing in a fragile ocean environment, threatened by human activity and climate change.</p><p>This foot-and-a-half long robot mimics a real fish. She can swim in the ocean at speeds up to half-its-body-length a second and at depths up to 60 feet below the surface. SoFi has a battery that will last 45 minutes before she shuts down. </p><p>For this group of MIT roboticists, SoFi was a dream, combining their love of diving with their work on soft robots. She was also an engineering challenge.</p><p>SoFi started as an nine-inch silicon tail that wiggled with the assistance of a hydraulic pump. </p><p>SoFi had to swim in the ocean — at multiple depths.</p><p>This meant waterproofing, buoyancy control, tweaking weight distributions and figuring out an unobtrusive way to share information underwater. It also meant compact equipment. </p><p>“We wanted to build a fish,” said Mr. Katzschmann. “And the fish can’t be as big as a submarine — unless we wanted to build a whale.”</p><p>A couple years later SoFi had a finned body and head equipped with a camera, two-way hydrophone, battery, environmental sensors, operating system and communication system that allowed a diver to issue commands using a souped-up Super Nintendo controller. </p><p>The communication system was the biggest challenge, said Mr. Katzschmann, because normally it requires a cable. Common remote signals used for piloting aerial drones don’t travel below water. </p><p>They built their own language, sending coded messages on high-pitched sound waves between SoFi and the diver. Different bits of information were assigned their own tones, kind of like how numbers are represented by dial tones when you make a phone call. A processing system decoded and relayed the messages to tell the diver things like “SoFi is currently swimming forward” or command her to “turn left, 20 degrees.”</p><p>“Our primary goal was to make something for biologists,” said Mr. Katzschmann. He envisions a future network of sensor-clad SoFis for studying schooling dynamics or monitoring pollution over time. Currently he’s working on primitive A.I. so SoFi can use her footage to identify and track real fish.</p><p>But what if a real fish — or a shark — tracks SoFi instead? </p><p>“If a shark would have come and ate our fish, that would have been the most amazing footage,” Mr. Katzschmann said. </p>
2013 to 2015, Wylie's team spoke to Americans in focus groups to identify deep-seated concerns. Then they tested ways to tap into those fears through social media. The slogans they developed later became the catchphrases of the Trump campaign, he says.</p><p> "My ears perked up when I started hearing some of these things like 'drain the swamp' or 'build the wall' or 'the deep state' because these were all narratives that had come out from the research that we were doing," Wylie told an audience at London's Frontline Club on Tuesday night.</p><p> At the wide-ranging talk in London, Wylie described in further detail how the company worked and Bannon's central role in shaping it.</p><p> Wylie says Facebook data collected by a Cambridge University researcher was used as part of a project commissioned by Cambridge Analytica. The firm says none of the Facebook data was used in the work it did for the Trump campaign. Facebook has suspended Wylie and Cambridge Analytica while it investigates the allegations.</p><p> Wylie was in his early 20s and had been working on a PhD in fashion trend forecasting when he went to work for defense and intelligence contractor SCL Group, which later teamed with Bannon to create Cambridge Analytica. Alexander Nix, CEO of Cambridge Analytica, offered the "freedom to explore the research I really wanted to do," Wylie said.</p><p> Bannon, unlike other clients, wasn't impressed by Nix's posh pedigree or fancy meals at exclusive London restaurants, so they closed the deal by setting up an office in Cambridge to align the new company with the history and prestige of Cambridge University.</p><p> "We presented ourselves as much more academic. Not to say that we weren't academic, but we needed to curate our presentation so we created this fake office ... beside the university to make it look like this is our Cambridge site. This is our Potemkin Cambridge office.' "</p><p> But the data was real, and Cambridge Analytica used that information, together with insights gained from focus groups with angry Americans, to identify issues and target voters. Bannon supplied the ideological focus of wanting to remake America and billionaire Robert Mercer provided the money. Neither Bannon nor Mercer has publicly commented since the allegations emerged.</p><p> The work was a mix of old-fashioned canvassing and the use of millions of data points to test out slogans and push them onto social media.</p><p> "We would just go chat with people. We would go sit in their living rooms. We would look at how they live," said Wylie.</p><p> He said Cambridge Analytica had an advantage in listening to Americans because as foreigners they may have had fewer preconceptions.</p><p> "One of the things that started to emerge was that we literally heard these sort of narratives about Washington as something that was, like, gross and disgusting, that was dirty," Wylie said.</p><p> So his team tested the phrase "drain that swamp" to see if people would respond to it on social media. After all, they had access to the data of millions of Facebook users without their knowledge.</p><p> And people responded. Through the internet and Trump's speeches, the slogan became one of the campaign's most identifiable soundbites.</p><p> Perhaps it is the idea of building a wall along the Mexican border that best illustrates Wylie's work for Cambridge Analytica.</p><p> Bannon, Wylie said, was obsessed with the idea of separating the U.S. from the rest of the world so the country can rediscover itself. Trump's campaign for a wall along the Mexican border is not really about stopping immigrants, Wylie said.</p><p> "It's to embody separation," he said. "If you can embody that separation and you can further distance in the minds of Americans us here in America and them elsewhere, even if it is just across a river, or just across a desert, then you have won that culture war."</p>
or redistributed. ©2018 FOX News Network, LLC. All rights reserved. All market data delayed 20 minutes.</p><p>In the wake of the news Cambridge Analytica harvested 50 million Facebook users' information, the social media giant has faced increasing scrutiny. Will the backlash lead to a loss in usership?</p><p>Is there a social media platform that doesn’t want to profit from your data?</p><p>Vero, a social media app that makes its money from subscriptions as opposed to advertisements, aims to be a “smarter” network that give users more control over who sees and uses their data.</p><p>Time will tell if any of these apps, or platforms not yet developed, are sustainable and give users full control over their data. If people demand change or abandon certain platforms, tech companies will be forced to respond. </p><p>This material may not be published, broadcast, rewritten, or redistributed. ©2018 FOX News Network, LLC. All rights reserved. All market data delayed 20 minutes.</p>