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Qualcomm Says To Maintain Current Corporate Structure


Ron Burgundy
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One of many Qualcomm buildings is shown in San Diego, California(Reuters) - Qualcomm Inc has decided not to separate its chipmaking and technology licensing businesses, concluding a six-month strategic review instigated by hedge fund Jana Partners. San Diego-based Qualcomm, the biggest maker of chips used in mobile phones, said on Tuesday its current structure offered unique strategic benefits that cannot be replicated. Qualcomm, whose earnings have slumped by more than 40 percent in each of the last three quarters, said it expected earnings per share for the current quarter to be at or modestly above the high end of its previously forecast range.




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