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US: Qualcomm under pressure to breakup

By  |  April 13, 2015

US chipmaker Qualcomm is reported to have come under pressure from an activist shareholder called Jana Partners to separate its manufacturing unit from its patents business.

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    According to a report from the Wall Street Journal, Jana Partners believes the move would boost the share price of the company, essentially viewing the manufacturing business as a drag on the more valuable patents arm.

    At the end of last week, Qualcomm Inc share price had lost nearly 13% of its value on the Nasdaq over the preceding year amid concern about the company’s prospects, but shares were trading up around 3.5% this morning following the report.

    In February, the chipmaker agreed to pay a $975 million fine to settle an antitrust spat with Chinese authorities.

     

    Full Content: The Wall Street Journal

     

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