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Qualcomm mulling company break-up - report

Tuesday 21 July 2015 | 09:09 CET | News
When Qualcomm reports third-quarter results on 22 July, it may also announce a company-wide strategy review investigating different visions, including a break-up scenario, the Wall Street Journal reported, citing sources familiar with the matter. Qualcomm will likely seek ways of returning more cash to shareholders, after an activist investor started pushing for change, the sources said, adding that plans were not fixed and could change at any time. The chipmaker is expected to put forward ideas that largely mirror those of Jana Partners, which said it took a stake of more than USD 2 billion

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Categories: Mobile & Wireless
Companies: Qualcomm
Countries: World
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