The supposed suitors include global chip giants Broadcom
NXP is a recognized leader in NFC chips, and the technology looks ready for the spotlight in 2011. Google
But NXP's shares are reacting rather mildly to the Dutch report, rising only slightly in intraday trading. That's because a lot of investors already assume that the former Philips Electronics division will find a buyer at some point -- the stock has gained more than 160% since NFC suddenly became a hot topic back in December.
Twitter is abuzz with reports that NXP's CEO has denied any takeover talks taking place. It wouldn't be the first time nondisclosure agreements forced an executive to say one thing while meaning another, though. Want to make sure you get the 4-1-1 when we know for sure what's happening behind closed doors? Add NXP to your watchlist and you're set.
Fool contributor Anders Bylundowns no positions in any of the companies discussed here. Google and Intel are Motley Fool Inside Value picks. Google and NXP Semiconductors NV are Motley Fool Rule Breakers recommendations. The Fool owns shares of and has bought calls on Intel. Motley Fool Options has recommended a diagonal call position on Intel. The Fool owns shares of Google and QUALCOMM.
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