Reuters reported on Tuesday, Qualcomm has decided to keep the company's current business structure unchanged, will not strip the chip business and licensing business.
In April this year, activist investors Jana Partners sent a letter to Qualcomm's Board, asked Qualcomm to consider licensing the chip business and business sector should be stripped. Jana Partners is one of Qualcomm's biggest shareholder.
After six months of evaluation, Qualcomm announced today, has decided to keep the company's current business structure unchanged, will not strip the chip business and licensing business. Qualcomm believes that company's current business structure has no substitute for strategic advantage.
In the past three quarters, Qualcomm each quarter profit fell by more than 40%. Qualcomm now expects diluted earnings per share for the current fiscal quarter will be at least guidance expected cap of the company, or even slightly higher than the expectations. Before Qualcomm expects diluted earnings per share for the current fiscal quarter will reach 80 to 90 cents.
Today in premarket trading, Qualcomm shares rose 2.3%. This year, Qualcomm's share price has tumbled by about 40%.
Qualcomm said the company this quarter is very strong, has exceeded company expectations. This was mainly due to higher 3G and 4G device shipments boosted the company's licensing business, cost-cutting measures also contributed to earnings growth in the current fiscal quarter.
Qualcomm CEO shidifu·molunkepufu (Steve Mollenkopf) said in a statement: "looking to the future, we already have a plan, and we believe that promoting the performance of the company continues to grow. "Molunkepufu did not detail the company's plan, but said it had got off to a good start.
Continue to maintain current business architecture decisions made by Qualcomm to set up a Special Committee, the two members of the Special Committee are nominated by Jana Partners. At present, Jana Partners has yet to comment on the decision.
Qualcomm CEO delike·aboli (Derek Aberle) had said in September this year, Jana Partners does not force high-pass the chip business and licensing operations are split, only the recommended high-pass option, so as to create greater value for shareholders.
Recently, high-throughput in China, Korea and the European Union, and several other major markets are in trouble. In February this year, China's national development and Reform Commission that Qualcomm abused its dominant market position, to eliminate or restrict competition monopoly of Law 975 million-dollar fine.
Last month, the Korea Fair Trade Commission also Qualcomm Korea patent technology authorized the way antitrust investigations. Last week, the European Commission was sent to Qualcomm "statement of objections" alleging that Qualcomm used its dominance in the market for mobile phone chips down rivals.
High-throughput back to Jue investors: don't spin off chip and licensing operations
Posted by doll on 01:22:00 with No comments
Categories: Technology
Related Posts:
Flipboard is at stake: the brain drain seriously not the company buyersUnited States wrote the online edition of the Wall Street Journal today, while reading Flipboard was once highly anticipated iPad application developers, to create a new mode of reading, but is facing increased competition, t… Read More
Sony's net income of $ 280 million in the second quarter: strong gaming revenuesSony said in a statement today, the 2015 fiscal second-quarter net profit of 33.6 billion yen (about US $ 280 million), sales of 1.89 trillion yen (about US $ 15.8 billion), to achieve an operating profit of 88 billion yen (a… Read More
Customization is incredible Moto XStyle hands-on experienceTo a person who was born in the 90 's, Moto brand is loud enough, but apparently have not talked about memories. Release from the Moto x return again to a new generation of Moto x, although the domestic market, but fans will … Read More
ASUS Pegasus 2 Plus evaluation: desktop UI is featuredObjective With the progress of science and technology, people's demand for technology products is increasing. Mobile phones as a leader in scientific and technological circles, and has a prominent position in the market. Acco… Read More
Nintendo's launch in March of next year's first tour of the MiitomoNintendo announced today that the company's first Smartphone launched in March 2016 games of the Miitomo. "Tomo" in Japanese, the word is "friend" means "Mii" refers to the user in the game "avatar" (avatar). New Nintendo Pre… Read More
0 comments:
Post a Comment