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© dana rothstein dreamstime.com Business | April 14, 2015

Fund wants Qualcomm to split in two

So called activist investor Jana Partners is asking Qualcomm to spin off its chip business from its patent-licensing unit.
Jana – which is one of Qualcomm's biggest shareholders – also wants the company to cut costs as well as accelerate stock buyback. Other than changing its executive pay structure that is, according to a Reuters report.

"We believe that the board and management recognize the need to address its historical underperformance and improve investor perceptions of the company," Jana said in a quarterly letter sent to investors seen by Reuters.

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April 27 2017 1:33 PM V8.1.3-2