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Actionable news in QCOM: QUALCOMM Incorporated,

NXP Semi Meets Expectations, Good Enough for Qualcomm Deal, Says Bernstein

Shares of chip maker NXP Semiconductors (NXPI) are down 12 cents at $110.76, after the company this morning reportedQ2 revenue in line with consensus, and earnings per share a penny below, while the Street’s focus is really on the pending acquisition of the company by Qualcomm (QCOM).

NXP recently lost its CFO to Applied Materials (AMAT), and so it doesn’t provide a forecast for the quarter, nor does it hold a conference call.

CEO Rick Clemmer called out sales in the automotive segment of $938 million, a record, which were up 9% from the prior-year period.

Clemmer said sales in the company’s “secure...