With one battle over, a bigger one looms for Qualcomm: Apple
Few investors had more at stake in Broadcom’s $117 billion hostile takeover bid for chipmaker Qualcomm than Jerome Dodson, the founder and chief executive of Parnassus Investments in San Francisco, and chief portfolio manager for the Parnassus Endeavor mutual fund. Endeavor owns 8.3 million Qualcomm shares, making it one of the company’s largest shareholders. A week ago the shares were worth more than $500 million and accounted for nearly 10 percent of Endeavor’s assets, a highly concentrated position.