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Qualcomm decides against company break-up

2015-12-15 15:50:00| Telecompaper Headlines

(Telecompaper) Qualcomm said it's completed its structural review and decided against any changes to its corporate and financial structure. In July, the company announced a major cost-cutting drive, new director appointments and the corporate review, after pressure from shareholders to improve returns. A special committee of the board of directors conducted the review, vetting the current structure and considering various alternatives. Its unanimous recommendation was to maintain the current structure, and Qualcomm's board agreed, saying this "best positions Qualcomm to maintain its technology leadership and product strength, so as to drive the greatest long-term stockholder value".

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