https://www.cnbc.com/2018/02/20/broadcoms-qualcomm-bid-is-just-not-even-close-lead-director-says.html >Broadcom's latest bid for rival chipmaker Qualcomm was "just not even close to what the value of the company is," Tom Horton, lead director for the takeout contender, said Tuesday. >Qualcomm last week rejected the bid of $82 a share, or roughly $121 billion. That offer represents a 11x or 12x multiple on earnings, Horton told CNBC's "Squawk on the Street," compared to the semiconductor industry's average multiple of 18.