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Qualcomm shareholder pushes for company break-up

2015-04-13 09:01:00| Telecompaper Headlines

(Telecompaper) Qualcomm is under pressure from activist investor Jana Partners to consider a breakup and other options to boost the chip maker's stock price. Jana is asking Qualcomm to consider separating its chip unit from its patent-licensing business, which accounts for most of the company's profit, according to a quarterly letter to Jana investors reviewed by The Wall Street Journal. Qualcomm itself proposed the idea 15 years ago but later called it off. Jana holds shares worth more than USD 2 billion in Qualcomm. The investor also is calling on the company to cut costs, accelerate stock buybacks and make changes to its executive-pay structure, financial reporting and board of directors, according to the New York hedge fund's letter. A spokeswoman for Qualcomm said the company welcomes feedback from shareholders. Jana executives and Qualcomm's management have held private discussions since late last year, one person familiar with the conversations told the paper. In the letter, Jana described the talks as constructive.

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Qualcomm investor calls for breakup

2015-04-13 02:00:00| Total Telecom industry news

Shareholder Jana Partners reportedly wants U.S. tech giant to separate chip division from patent arm.

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Fraunhofer IIS, Qualcomm and Technicolor to demonstrate MPEG-H Audio

2015-04-11 03:00:00| Digital TV News

At NAB 2015, Fraunhofer IIS, Qualcomm and Technicolor will offer the worlds first live broadcast demonstration of MPEG-H Audio, the TV audio system currently proposed for ATSC 3.0 and being developed for over-the-top streaming video services.

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Qualcomm, Telefonica, Twitter invest in Cyanogen

2015-03-23 15:31:00| Telecompaper Headlines

(Telecompaper) Cyanogen, the maker of an alternative Android operating system, has raised USD 80 million in series C financing. The fresh cash will help the US-based company hire more staff and accelerate development of its mobile OS. The financing was led by Premji Invest and includes participation from new strategic investors Twitter Ventures, Qualcomm, Spanish operator Telefonica, Indonesia's Smartfren Telecom, Index Ventures, Access Industries, Rupert Murdoch, Vivi Nevo and several yet to be announced partners. Existing investors Benchmark, Andreessen Horowitz, Redpoint Ventures, and Tencent also participated. To date, Cyanogen has raised a total USD 110 million in funding. In addition to its commercial product Cyanogen OS, the company runs the open-source project CyanogenMod.

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Analyst Upgrades: Urban Outfitters, Inc., Fossil Group, Inc., and QUALCOMM Incorporated

2015-03-10 16:55:56| Jewelry - Topix.net

Specifically, no fewer than 14 analysts upped their price targets on the equity, while Janney and William Blair upgraded it to the equivalent of a "buy," with both brokerage firms providing an upbeat outlook on gross margin expansion. On the charts, Urban Outfitters, Inc. has started 2015 on a strong note, adding 12.5% to trade at $39.51, and this morning's positive news could lift the shares past their record high of $40.67, tagged last August.

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