Goldman Sachs On Qualcomm's Completed Acquisition Of Atheros

This morning, Goldman Sachs writes "On Tuesday after the close, Qualcomm announced it had completed the acquisition of Atheros for an enterprise value of $3.1 bn. The acquisition is expected to be modestly dilutive to EPS in FY2011 and modestly accretive in FY12, consistent with Qualcomm's original guidance issued on 1/5/2011."

Qualcomm (NASDAQ: QCOM) closed yesterday at $56.31 and has a price target of $68 from Goldman. Atheros (NASDAQ: ATHR) closed at $44.99.