Qualcomm denies it is about to be split

Stefan Mileschin · 1st July 2015, 09:03

US chipmaker Qualcomm said that it has no plans to spin off its chips business at present, despite calls from some of its investors.

Executive Chairman Paul Jacobs said all this intensifying industry competition was not enough to spin off his chip business from its patent-licensing business.

The idea was mooted by hedge fund Jana Partners in April Qualcomm on the grounds that it would improve shareholder value. Jana claimed that the chip business “essentially worthless” and Qualcomm could make more money in the patent trolling business.

Jacobs said the idea has been talked about for a long time, but he thought that the status quo had a lot of synergies and they don’t really make them much any more.

“Having the businesses together outweighs the dissynergies” well the business would be much heavier for a start.

http://www.techeye.net/business/qual...ut-to-be-split

1st July 2015, 09:03	#1
Stefan Mileschin [M] Reviewer Join Date: May 2010 Location: Romania Posts: 153,514	Qualcomm denies it is about to be split US chipmaker Qualcomm said that it has no plans to spin off its chips business at present, despite calls from some of its investors. Executive Chairman Paul Jacobs said all this intensifying industry competition was not enough to spin off his chip business from its patent-licensing business. The idea was mooted by hedge fund Jana Partners in April Qualcomm on the grounds that it would improve shareholder value. Jana claimed that the chip business “essentially worthless” and Qualcomm could make more money in the patent trolling business. Jacobs said the idea has been talked about for a long time, but he thought that the status quo had a lot of synergies and they don’t really make them much any more. “Having the businesses together outweighs the dissynergies” well the business would be much heavier for a start. http://www.techeye.net/business/qual...ut-to-be-split

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