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Stanford President Adds to Technology Fortune With Atheros Deal

Stanford University President John Hennessy stands to gain a windfall from Qualcomm Inc.’s $3.2 billion purchase of Atheros Communications Inc., adding to the tens of millions he’s amassed through ties to Silicon Valley.

Atheros, which he co-founded, fetched $45 a share in a deal this week, 22 percent more than its trading price before reports of the takeover surfaced. Hennessy held 32,899 shares when he last reported his stake a year ago. That would generate $1.48 million from the sale -- on top of what he’s made from stock sales since Atheros went public, when he owned 600,000 shares.