PPP opposes removal of Stabroek canopy vendors

first_img… suggests deploying more City Constables, plainclothes ranksThe parliamentary Opposition, People’s Progressive Party (PPP) has condemned the decision by the Georgetown Mayor and City Council (M&CC) to remove scores of vendors from beneath the canopy of the Stabroek Market after municipal officials said the area is a haven for criminals.The area where the vendors are to be removed fromThese vendors have been plying their trade in that area for decades, but last week Wednesday, City Constabulary officers said a man was in the vicinity with a rifle in his possession but dropped it and fled after Police ranks swooped down on him.This prompted the City Constabulary to recommend that the vendors who have been operating in that area for several decades be removed. This decision was endorsed by City Mayor Patricia Chase-Green; however, PPP General Secretary Clement Rohee said on Monday that his party strongly rejects the proposal which he said is another move by the municipality to take bread out of the mouths of vendors and “force them into illegal activities who knows where.”He said that City Hall, in its attempt to rid the Stabroek Market of criminal activities, will in effect be creating a wider societal problem by throwing more vendors on to the streets.He said if the argument is that the vendors are being removed as a result of the firearm found in the vicinity, and then the argument must be extended to the situation at Bourda, La Penitence and other market places in the City. Rohee believes the removal of the vendors will not solve the problem.“What is required is the cooperation of the vendors and an increase of foot-patrols by people-friendly, not arrogant members of the Constabulary as well as intelligence gathering efforts through undercover Police operatives working in collaboration with the City Police,” Rohee suggested.The municipality, particularly its Town Clerk Royston King and Mayor Chase-Green are being heavily criticised for what has been consistently described as deliberate attacks on city vendors.It started with a decision to suddenly remove scores of vendors from the Stabroek Square in the name of a clean-up campaign for Guyana’s Golden Jubilee celebrations back in May of this year, but with no alternative vending area.That action attracted widespread protests from vendors who have been operating in that area for decades and eventually the municipality managed to temporarily secure a piece of land for the vendors.That was followed by a unilateral decision last month by King to remove vendors from Robb Street, between Alexander and Bourda Streets. Again after protects outside City Hall and the Communities Ministry, the vendors were returned.Rohee believes that all these actions by the Town Clerk and Mayor are appeasing the Granger Administration.last_img read more

Dog fouling stations needed to solve messy issue in local towns

first_imgMore designated areas are needed for the disposal of dog bags in towns such as Letterkenny, according to local councillor Michael McBride.Local residents have complained about the high amount of dog mess on footpaths around Letterkenny recently, which led to the issue being brought to the county council this month.Cllr McBride said: “If you are around Letterkenny, the amount of people out walking dogs in very high. The thing that’s missing is the stations with litter bags for foul.” The council has been asked to provide funding to allow for the rollout of fouling stations county-wide over the new term, giving priority to areas such as Letterkenny.In response to the motion, Senior Engineer Bryan Cannon said that 100,000 dog foul bags were given out by the local authority this year alone. He highlighted the success of the “any bag, any bin” campaign which highlights that dog foul may be disposed of in any bin so long as it is contained within any bag.Compostable dog foul bags are provided to the public and community groups from all Public Services Centres and a number of other locations countywide. Dog fouling stations needed to solve messy issue in local towns was last modified: September 30th, 2019 by Rachel McLaughlinShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window)last_img read more

SMC-Alab 5 notches 8th win in row

first_imgSlow and steady hope for near-extinct Bangladesh tortoises Apart from imports Justin Brownlee and Renaldo Balkman, Alab also got significant contributions from their local crew led by Ray Parks.Brownlee fired 27 points, grabbed 13 rebounds and issued five assists on top of two steals, and four blocks while Balkman tallied 21 points and 14 rebounds.FEATURED STORIESSPORTSWATCH: Drones light up sky in final leg of SEA Games torch runSPORTSLillard, Anthony lead Blazers over ThunderSPORTSMalditas save PH from shutout 2 ‘newbie’ drug pushers fall in Lucena sting San Miguel Corporation-Alab Pilipinas sizzled for its highest scoring output in the Asean Basketball League as it dumped Taiwanese squad Formosa Dreamers, 117-93, Sunday night for its eighth straight victory at Santa Rosa Multipurpose Complex in Santa Rosa, Laguna.The Filipinos came out with all guns blazing in the opening period and refused to let up in the second half as they secured an 11th win in 15 games to close in on one of two outright semifinal slots.ADVERTISEMENT Globe Business launches leading cloud-enabled and hardware-agnostic conferencing platform in PH MPBL: Munti faces unbeaten QC at home AFP official booed out of forum Trending Articles PLAY LIST 00:50Trending Articles00:50Trending Articles00:50Trending Articles01:29Police teams find crossbows, bows in HK university01:35Panelo suggests discounted SEA Games tickets for students02:49Robredo: True leaders perform well despite having ‘uninspiring’ boss02:42PH underwater hockey team aims to make waves in SEA Games01:44Philippines marks anniversary of massacre with calls for justice01:19Fire erupts in Barangay Tatalon in Quezon City View comments NEXT BLOCK ASIA 2.0 introduces GURUS AWARDS to recognize and reward industry influencers MOST READ Read Next Brace for potentially devastating typhoon approaching PH – NDRRMC John Lloyd Cruz a dashing guest at Vhong Navarro’s wedding Typhoon Kammuri accelerates, gains strength en route to PH Don’t miss out on the latest news and information. LATEST STORIESlast_img read more

A Brief History of NY vs LA Championship Battles

The Lakers showcased one of the most dominant teams ever in their 1972 championship victory over the Knicks. And New York successfully secured its revenge over LA in the 1973 title series. Unfortunately for the Knicks, they were unable to retool after losing the core of those great early-’70s teams, and soon Celtics-Lakers would supplant Knicks-Lakers as the league’s premier cross-coastal rivalry.But if we count the New Jersey Nets as a “New York team” — at the time, they played at the Continental Airlines Arena in East Rutherford, New Jersey, 7 miles west of Midtown Manhattan — then the 2002 NBA Finals did feature a New York-Los Angeles battle. (Granted, it was something of a lopsided one; the powerhouse Lakers swept Jason Kidd’s Nets in four games.)If we define “New York” and “Los Angeles” as their metropolitan statistical areas, then the NHL won’t be seeing its first N.Y.-LA championship battle this season. Although the Rangers and Kings have never faced each other for a Stanley Cup before, Los Angeles won its first hockey crown over the New Jersey Devils — who play in Newark, New Jersey (a part of the New York metropolitan area) — in 2012. And in 2003, the Devils beat the Anaheim Mighty Ducks for the Stanley Cup in seven games.Unfortunately, no such technicalities can produce a New York-Los Angeles championship clash in football.The Los Angeles Rams appeared in four pre-merger NFL Championship Games, but none were against New York teams (three came against Cleveland and one against Philadelphia). And by the time they left for St. Louis in 1995, the Rams had only one Super Bowl appearance to their credit — the same total as the New York Jets. The two cities’ more successful franchises never got on the same wavelength, either: Like the New York Giants, the Raiders have appeared in five Super Bowls, but only one as a Los Angeles-based squad (against the Washington Redskins in 1984).The timing was off when both cities had teams, and Los Angeles hasn’t been home to an NFL franchise since the 1994 season. The dream of a New York-vs.-Los Angeles Super Bowl will continue to be on hold.In the 10 championship matchups that have taken place between the two cities over the years, five have gone to Los Angeles and five to New York. The Rangers are hoping to break the tie in their favor over the next week or so, although the opening odds are about 3-to-2 against that happening. Then again, the Kings have kept things interesting throughout the playoffs, despite arguably being the league’s best team on paper. If that trend continues, look for a long, entertaining Stanley Cup Final. The Los Angeles Kings prevailed in typically dramatic style Sunday night, beating the Chicago Blackhawks in overtime in Game 7 to end the Western Conference finals. With the New York Rangers having clinched a spot in the Stanley Cup Final last Thursday, the Kings’ victory sets up what is a surprisingly rare occurrence in professional sports: a championship matchup between the two biggest cities in the United States, LA and New York.New York City, of course, has been home to major pro sports since the very beginning and hosted the first “World’s Series” in 1884. Los Angeles was a relative latecomer to the professional scene; it wasn’t until 1946 that the NFL’s Los Angeles Rams and the All-America Football Conference’s Los Angeles Dons became the first LA-based major pro sports teams. Since then, the two cities have faced each other with hardware on the line just 11 times, including the coming Rangers-Kings tilt: four times in MLB, four times in the NBA and three times in the NHL (these matchups have also provided a few “Where were you when … ?” moments).The first came in 1963, five years after the Dodgers uprooted themselves from, coincidentally enough, Brooklyn and put down roots in Los Angeles. Facing the heavily favored two-time defending World Series champion New York Yankees, the Dodgers put together one of the more surprising routs in sports history, sweeping the Yankees in four games. The two franchises would go on to meet in three more World Series, all between 1977 and 1981; the Yankees won in 1977 and 1978, and the Dodgers won in 1981. Of course, the 1977 World Series gave us: There have been a few close calls since. In 1986, the Anaheim-based California Angels would have faced the New York Mets in the World Series if not for a heartbreaking loss to the Boston Red Sox in the AL championship series. And in 2009, the Dodgers could have met the Yankees in the World Series again, but LA lost to the Philadelphia Phillies in a five-game NL championship series.In the NBA, it seems like the Los Angeles Lakers and New York Knicks should have a marquee rivalry. But aside from a brief period in the early 1970s, things have been one-sided in favor of the Lakers. LA has won 10 NBA titles since 1974; New York has zero. What a rivalry it was during its halcyon days, though. Willis Reed hobbled onto the court against LA in 1970 NBA finals: read more

Ohio State mens hockey looking to pick up points in final series

OSU sophomore forward Matthew Weis (16) tries to corral the puck during a face-off in a game against Michigan on Jan. 15. OSU won in a shootout. Credit: Kevin Stankiewicz | Asst. Sports EditorThe Ohio State men’s hockey team (9-17-2, 4-8-2) is preparing for its final homestand of the season at the Schottenstein Center and is looking to take advantage of a struggling Wisconsin (6-15-7, 1-10-3) team.The last-place Badgers arrive in Columbus on a four-game winless streak; their last win was back on Jan. 30 in Madison, Wisconsin, against Alaska. Their lone Big Ten victory was a 3-0 result against Michigan State in December.The Buckeyes are undefeated against the Badgers this season. In their two games at the Kohl Center in early January, the Scarlet and Gray grabbed a win and a tie.“We’ve got a ton of respect for Wisconsin. They’re as good as anybody. Their record doesn’t show it, neither does ours, but at times people like as us say, ‘Jeez, they play some really quality games,’” OSU coach Steve Rohlik said. “Wisconsin’s kind of in that same boat. Watching the video over last weekend, they probably deserved to win two games and ended up not winning either one.”Rohlik played for Wisconsin from 1987 to 1990, where he was a two-time captain and hoisted the 1990 NCAA championship trophy with the “C” on his jersey. He was also an assistant coach for the Badgers during the 1990-91 season.Senior forward Tyler Lundey, a Wisconsin native, said he is hoping to carry the momentum from last Saturday’s victory over Penn State and look past the blowout loss the night before.“It was definitely a big win Saturday night at Penn State. We learned our lesson Friday night. Wisconsin is one of those teams that are always going to come at you. They’re going to work hard,” Lundey said. “It’s kind of our game plan too. Work hard, stick together, play as a team, and get ready to play some playoff hockey.”Tale of two goaliesRohlik might have a bit of a decision to make between the pipes this weekend. His junior goaltenders, Christian Frey and Matt Tomkins, started Friday’s and Saturday’s games, respectively, against Penn State. While Tomkins fared much better against the Nittany Lions, Rohlik said he remains confident in both of his netminders heading into the series.“We always talk as a staff like today here after practice and kind of put our whole lineup together for the games. (Pulling Frey) I did more or less that just to get our team spark going there on Friday night. Wasn’t really necessarily his fault,” Rohlik said. “I just figured (Tomkins) has been practicing hard and deserved a chance to get in there and play, so we’ll evaluate and see what happens here.”Frey leads the Buckeyes’ shot stoppers in save percentage with .920 in 17 games played, while Tomkins has posted a .892 percentage in 13 games.“We score a lot of goals”The Buckeye offense will have to pile on the shots against a determined Badgers defense. Coach Mike Eaves’ men continue to be one of the top teams in the nations in blocked shots. Wisconsin ranks 16th in the country with 14.07 blocks per outing. Senior defensemen Eddie Wittchow and Kevin Schulze are ranked nationally at sixth and 13th, respectively.“They do a really good job blocking shots,” Lundey said. “We score a lot of goals from the hash marks and ends, so our goal is to score relatively close. A big part is getting shots on net initially, getting pucks through, and then cleaning them up.” Senior defenseman and co-captain Craig Dalrymple said he isn’t too worried about the defense having to contribute more on offense, but rather playing to each position’s strengths.“As a defenseman, and all the other defensemen on the team, we kind of always want to chip in on the scoresheet at the end of the day, which is always nice. I don’t think we’re really going to change our type of play,” Dalrymple said. “When there are chances, the defensemen are going to jump up into the play. If we kind of go out of our element, we can run into trouble.”The Scarlet and Gray will look to junior forward and co-captain Nick Schilkey to continue his fine form. Schilkey was named the Big Ten Second Star of the Week on Tuesday after a conference-best five-point performance last week, with a goal and four assists against Penn State.The Buckeyes will also face another staunch penalty-killing opponent in the Badgers. Wisconsin sits 14th in the nation with a kill ratio of .849. OSU, on the other hand, is one of the country’s best power-play converters, coming in at 12th nationally with a .214 conversion rate.Senior night at the SchottWith the team entering the final homestand of the season at the Schottenstein Center, Saturday’s game will mark its senior night. Dalrymple, Lundey and forward and co-captain Anthony Greco will be recognized prior to the matchup.“Every year, you know it’s coming. It’ll be fun. It’ll be important to enjoy it and have fun and hopefully get the win,” Greco said.Rohlik hailed his senior members and said he hopes the rest of the squad can follow their examples.“Find me anybody in that locker room, you want to play for each other, but you also want to give a little extra for those three guys,” Rohlik said. “Someday, some of those other guys will be sitting in those same shoes, and you want everybody to give their best effort.”Puck drop is scheduled for 6:30 p.m. on Friday and  at 7 p.m. the following evening. read more

2017 Big Ten football preview Michigan State Spartans

Michigan quarterback Jake Rudock throws the ball away under pressure from Michigan State’s Chris Frey (23). Credit: Courtesy of TNSLocation: East Lansing, Michigan2016 season: 3-9 (1-8)Head coach: Mark Dantonio2017 record: 2-0All time record vs. OSU: 15-30What has happened thus far in 2017:This is a do-or-die season for Michigan State and coach Mark Dantonio, who might be on the hot seat following his worst season since he became head coach in 2007 and the preseason dismissal of four of the program’s highest-rated recruits in its 2016 class due to a sexual assault investigation. To have the type of season the Spartans need to have in the Big Ten East Division — with Penn State, Michigan, Ohio State and a rising Maryland program — is a difficult task.But so far, the Spartans have done something they couldn’t do last season — defeat the teams they’re supposed to. Michigan State has wins against Bowling Green and Western Michigan under its belt with Notre Dame, Iowa and a road game at Michigan on deck after a bye week in Week 3.Impact Player:Senior linebacker Chris Frey from Upper Arlington is the latest edition in a line of All-Big Ten linebackers at Michigan State. After leading the team in tackles (96) in 2016, Frey returns as one of two captains for the Spartans, leading a defense that would be the reason Michigan State makes any noise in the conference this season. The central Ohio native leads the nation’s 11th-best defense with 1.5 sacks, ranks second with 12 total tackles and tied for second with 1.5 tackles for loss.Strengths:Michigan State is a young team at every position, but its front seven is the centerpiece of what can keep the Spartans relevant in the Big Ten. From 2015 to 2016, Michigan State’s sack total decreased from 37 to 11. So far this season, the Spartans have tallied five sacks this season, albeit against two Mid-American Conference teams.A formidable secondary and a menacing front seven made Michigan State Big Ten champions in 2013 and 2015. With just one returning starter in the secondary, ability to pressure the quarterback is paramount to the defense’s success.Weaknesses:The Spartans’ offensive line struggled in Week 2 against Western Michigan, despite paving the way for 296 rushing yards from Michigan State’s three tailbacks and redshirt sophomore quarterback Brian Lewerke. The O-line has yet to face a strong defensive front and already has allowed 14 tackles for loss, 97th in the country. Michigan State is searching for a permanent answer at running back and a go-to receiver, so the offensive line will be a major storyline moving forward. read more

Rep Allor issues statement on Enbridge Line 5 agreement

first_img State Rep. Sue Allor, of Wolverine, issued the following statement on the legal agreement requiring Enbridge to provide more transparency and take a number of safety precautions, including replacing a section of the pipeline that runs under the St. Clair River:“This agreement, if fulfilled, is a great first step in regaining the public’s trust, which has eroded due to Enbridge’s lack of transparency and history of lying about the condition of Line 5. It is disturbing that the company’s past actions created this need for expanded state oversight, but I’m pleased to see our governor step up the efforts to demand action and hold Enbridge accountable. I also applaud the governor for calling for additional replacement options.“Although the agreement offers much-needed safeguards – such as shutting down Line 5 during periods of adverse weather – to protect our precious natural resources along the full length of the pipeline, in my opinion it doesn’t go far enough. We need to address the issue of the thick ice that accumulates in the Straits in the wintertime, and the impact it could have on preventing crews from responding in the event of a spill. I will continue to monitor the situation and fight to ensure that Enbridge is meeting their obligations.”###Note: State Rep. Sue Allor, of Wolverine, is serving her first term in the Michigan House representing the people of Alpena, Presque Isle, Alcona and Iosco counties, as well as part of Cheboygan County. She previously served three terms as a Cheboygan County Commissioner. Categories: Allor News 27Nov Rep. Allor issues statement on Enbridge Line 5 agreementlast_img read more

Facebook is making a bigger push into the social T

first_imgFacebook is making a bigger push into the social TV space, taking on the likes of Shazam with a new audio recognition function for TV shows, movies and music. Due to roll out on Facebook’s iOS and Android apps in the US in the coming weeks, users will be able to click a new button while updating their status to identify and share what TV show or movie they are watching, or what song they are listening to.The app will use the phone’s in-built microphone to identify the content, with the new function designed to make it quick and easy for users to share what media they are consuming without typing.“If you share music, your friends can see a 30-second preview of the song.  For TV shows, the story in News Feed will highlight the specific season and episode you’re watching, so you can avoid any spoilers and join in conversations with your friends after you’ve caught up,” said Facebook.The audio recognition tool will automatically look for a content match when the feature is turned on. Users can click the audio icon on or off at any time.“If you leave the feature on, you will see the audio icon move and attempt to detect a match when you’re writing a status update. No sound is stored and you’ll always get to choose whether you post to your friends,” said Facebook.The news comes in the same week that Facebook said it is expanding its premium, TV-style, video ads outside of the US to seven new international markets – including the European countries the UK, France and Germany.last_img read more

Samara scholars assessed a new way of skin cancer early diagnostics

first_img Source:https://ssau.ru/english/ Reviewed by Alina Shrourou, B.Sc. (Editor)Oct 25 2018A team of scholars of Samara National Research University and Samara State Medical University as well as clinic specialists of Samara Regional Oncology Centre (SROC) tested a new way of skin cancer early diagnostics with the help of original complex of three devices.The efficiency of oncology treatment is directly connected with the timeliness of their detection. For instance, for melanoma – the most aggressive form of skin tumor detected at the first stage – five-year survival rate after the treatment makes 98% and does not exceed 15% with diagnostics at the fourth stage.Methods created by the team of Samara scholars allowed enhancing the efficiency of active and early skin neoplasm diagnostics up to 97% when the exactness of usual standard clinical research does not exceed 50-60%.The research results are given in the article “Combined Raman and autofluorescence ex vivo diagnostics of skin cancer in NIR and visible regions” which was published in one of the most authoritative journals devoted to the use of modern optical technology for research in Medicine and Biology – Journal of Biomedical Optics.In the basis of methodology developed by Samara scholars at the Department of Laser and Biotechnical Systems of Samara University (headed by professor Valeriy Zakharov) is a system of spectral measurement of problem skin areas with the further medical interpretation of the received data offered by the Department of Oncology of SSMU (headed by professor Sergey Kozlov).As professor Zakharov explained the developed system of spectral measurement allows registering parameters of a patient’s skin in many spectral ranges simultaneously and this gives opportunity to spot pathological changes on cell level as ill cells in their range are different from the healthy ones.This means is the most suitable for screening programmes: not only it allows diagnosing pathology rather precisely and quickly, but it also does not require any use of additional consumable materials and chemical agents and permits to do without the use of invasive method of diagnosis confirmation. “For example, in case of suspicion in skin melanoma incorrect biopsy of a tumour increases the risk of metastasis”, – Alexander Moryatov, the curator of the project, associate professor of the department of Oncology of SSMU added. – In any case after examination of a patient and surgical treatment we finally confirm the diagnosis morphologically”.The scholars use three devices for diagnostics.The first one is an experimental setting for measurement of Raman scattering, it studies spectral characteristics of neoplasms, first of all, skin melanoma. According to Sergey Kozlov this device is suitable for precise diagnostics of a malignant tumor nature allowing to diagnose and differentiate between melanoma and other forms of skin tumor quickly and safely. “This setting can be set in an ordinary regional hospital”, – the professor specified.Related StoriesStudy: Nearly a quarter of low-risk thyroid cancer patients receive more treatment than necessaryResearchers use AI to develop early gastric cancer endoscopic diagnosis systemHow cell-free DNA can be targeted to prevent spread of tumorsThe second device – dermatoscope – gives a visual picture of tumor with the maximum approach to its surface and allows seeing and fixing characteristic signs of this disease in real time. According to Sergey Kozlov this device can be compared favorably with the similar ones in respect of a user-friendly interface, the ability to conduct analysis in the mode of polarized light, as well as with the help of special highlight to study peculiarities of melanin, hemoglobin, structure of capillary network in the studied skin area.The third – hyperspectral camera – allows in a short period of time to make several tens of shots in different ranges (for different skin neoplasms are characteristic different optical characteristics) with high definition.All three devices represent a joint development of Samara University scholars, SSMU and SROC and are directed at comparative research of optical characteristics of healthy and pathologically changed tissues in which analysis of different types of neoplasms is built on the basis of joint interpretation of their ranges got with the application of completely safe technologies and laser light sources of different wavelengths.It is said about two types of spectral analysis the character of which depends on biochemical composition of tissues under investigation – Raman spectrum (RS) and autofluorescence spectrum (AS). “Thus “double” spectroscopy allows, as our experiments show, getting information about tissue structure on the basis of which different types of skin tumor can be identified rather precisely”, – Ivan Bratchenko, associate professor of Department of Laser and Biotechnical Systems of Samara University, asserts.All three devices work at the department of Oncology of SSMU, clinical site of Samara Regional Clinical Ontology Dispensary and have already been used for several months when oncologists examine patients. With the help of this equipment more than 400 people have already been examined. “The received results give hope that we approach precise diagnostics comparable with morphological research”, – Alexander Moryatov mentioned.According to Sergey Kozlov diagnostic devices showed high resolution and with time can emerge in the market of medical equipment: “We have few rivalries in Russia and abroad and here we have received better results”.Samara scholars connect perspectives of their research in diagnostics of skin neoplasm with the increase of its resolution due to the complication of mathematical analysis of spectrum data. Their further plans are to integrate a complex of three devices with fiber-optics to use them for diagnosis of inner located tumors (gastrointestinal tract, lungs, etc.) preserving with this safe for a human being research principle – spectral analysis of tumors.last_img read more

Broadcom lowers offer for Qualcomm as takeover saga continues

Explore further © 2018 AFP Broadcom CEO Hock Tan is seen at a November 2017 White House meeting with President Donald Trump where he announced the Singapore-based firm would be reincorporating in the United States This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only. Qualcomm raises bid for NXP to about $43.22B Singapore-based Broadcom said Wednesday it was cutting its offer price for mobile chip maker Qualcomm in the wake of the US firm’s increased bid for Dutch rival NXP. Broadcom reduced its offer to $79 a share, which would still be the largest-ever deal in the tech sector if completed at an estimated value of nearly $117 billion.The move came amid a closely watched hostile bid for Qualcomm which could reshape the fast-evolving sector of chips for smartphones and connected devices.A Broadcom statement said the offer was reduced because “Qualcomm’s board acted against the best interests of its stockholders by unilaterally transferring excessive value to NXP’s activist stockholders.”Qualcomm, the dominant maker of smartphone chips, has moved to fend off Broadcom’s hostile takeover efforts and last week rejected the latest offer of $82 a share as too low. The California company on Tuesday raised its offer for NXP to an estimated $43 billion, aiming to alleviate concerns of some NXP investors and seal the tie-up which would make a Broadcom acquisition of Qualcomm less enticing. Broadcom said Wednesday it remained committed to acquiring Qualcomm and its cash-and-stock offer would revert back to $82 per share should Qualcomm fail to acquire NXP.The Singapore firm accused Qualcomm’s board of acting against shareholder interest “by unilaterally transferring excessive value to NXP’s activist shareholders.””Broadcom remains confident that Qualcomm’s stockholders will continue to support its proposal to acquire Qualcomm,” Broadcom said in a statement.Qualcomm is due to hold an annual meeting March 6 at which Broadcom has nominated six people to replace the majority of Qualcomm’s board of directors.Broadcom’s original offer for Qualcomm came days after CEO Hock Tan visited the White House and told President Donald Trump the company would be moving back to the United States. Citation: Broadcom lowers offer for Qualcomm as takeover saga continues (2018, February 21) retrieved 18 July 2019 from https://phys.org/news/2018-02-broadcom-adjusting-buyout-qualcomm.html read more