0
Wireless

Qualcomm rejects calls for new corporate structure

Tuesday 14 April 2015 | 09:21 CET | News
Qualcomm has ruled out a break-up of the company following pressure from a shareholder. The chipmaker said it met with the investor Jana Partners and welcomed the input from stockholders. However, prior reviews by the company concluded that "the synergies provided by our business model create more value for stockholders than could be created through alternative corporate structures", Qualcomm said in a statement. The company noted as well its commitment to shareholder returns and the recent increase in its share repurchase programme. 

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Categories: Mobile & Wireless
Companies: Qualcomm
Countries: World
::: add a comment

Add comment

Please login or register to leave a comment.

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Broadcom confirms USD 130 billion bid for Qualcomm

Published 06 Nov 2017 15:51 CET | World
Qualcomm said it has indeed received an acquisition bid from Broadcom worth USD 60 cash and USD 10 in Broadcom stock per share. ...

Qualcomm to cut costs, narrow focus in strategic review

Published 23 Jul 2015 08:41 CET | World
Qualcomm announced plans to review its corporate structure and cut USD 1.4 billion in costs, as part of a deal with its activist ...

Qualcomm mulling company break-up - report

Published 21 Jul 2015 09:09 CET | World
When Qualcomm reports third-quarter results on 22 July, it may also announce a company-wide strategy review investigating ...

Qualcomm launches accelerated share buyback

Published 21 May 2015 16:08 CET | World
Qualcomm has announced that it has entered into an accelerated share repurchase programme for USD 5 billion in stock with two ...

Qualcomm shareholder pushes for company break-up

Published 13 Apr 2015 09:01 CET | World
Qualcomm is under pressure from activist investor Jana Partners to consider a breakup and other options to boost the chip maker's ...