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Tuesday, January 4, 2011

Atheros stock leaps on Qualcomm deal talk, (NASDAQ: ATHR), (NASDAQ: QCOM)

Atheros Communications Inc (ATHR.O) stock rose 19 percent after a report that Qualcomm Inc (QCOM.O) is near a deal to buy the company, which would bolster its share of semiconductors in smartphones and tablets. Qualcomm could soon buy Atheros, whose chips are used in PCs, handsets and routers, for around $45 a share, or $3.5 billion, the New York Times reported on Tuesday. Neither company could immediately be reached for comment.