The company has been under pressure from hedge fund Jana Partners to spin off its chip business from its highly profitable patent-licensing business. The San Diego, California-based chipmaker may announce that it is considering that and other options – including returning more cash to shareholders, when it reports third-quarter results on Wednesday, sources told the Journal. The news comes after reports earlier on Monday that Qualcomm is preparing to lay off several thousand employees.
Published in TZ Latest News 20 July, 2015 by The TZ Newswire Staff
Qualcomm may consider breakup: WSJ
Published in TZ Latest News 20 July, 2015 by The TZ Newswire Staff
Qualcomm may consider breakup: WSJ
The company has been under pressure from hedge fund Jana Partners to spin off its chip business from its highly profitable patent-licensing business. The San Diego, California-based chipmaker may announce that it is considering that and other options – including returning more cash to shareholders, when it reports third-quarter results on Wednesday, sources told the Journal. The news comes after reports earlier on Monday that Qualcomm is preparing to lay off several thousand employees.