Scalper1 News
Qualcomm (QCOM) midday Monday rejected hedge fund Jana Partners’ call to spin off its chipmaking unit, though the company’s response seemed to show some wiggle room. Jana, one of Qualcomm’s largest shareholders with more than $2 billion in company stock, also called on Qualcomm to accelerate stock buybacks, cut costs and make changes to its executive-pay structure, financial reporting and board of directors, according to a report Monday by the Scalper1 News
Scalper1 News