Board Qualcomm is against splitting

Board Qualcomm is against splitting

Tech December 15, 2015 15:28

- The board of the US chip maker Qualcomm has voted as expected against a division of the company. According to the top management of the existing business model is the " best formula" for the disappointing sales and a fall in the market value the head.

In a statement on Tuesday the board of Qualcomm reported having a focused plan, which it can aim again on growth. Qualcomm 's shares lost 37 percent this year to market value. The board now rest with the dual task to convince its shareholders that the path is correct.The activist shareholder Jana Partners called the company earlier in its corporate structure to scrutinize. It suggested taking the idea of disconnecting the patententak Qualcomm, which generates the bulk of the profits from the chip component.

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