“Qualcomm announced Wednesday that it would cut its workforce by about 15 percent contributing to a total of $1.4 billion in cost reductions. It also announced changes to its board and executive compensation. The San Diego-based chipmaker said it would be reviewing structural alternatives to splitting the company. Reports surfaced earlier this week that Qualcomm could spin off its less profitable chip business. Qualcomm has reduced the outlook for its semiconductor business for the fiscal fourth quarter, driven by reduced demand and lower sell through in China. Shares of Qualcomm have tumbled more than 20 percent over the past 12 months.”
http://www.cnbc.com/2015/07/22/qualcomm-q3-earnings-2015.html
Related posts:
Bovard: Facebook censored me for criticizing the government
Chinese spacecraft completes space-docking mission
Yemen police open fire to stop riot reaching US embassy
Yahoo CEO Marissa Mayer defends tech company NSA cooperation
Report: Homeschooling Growing Seven Times Faster than Public School Enrollment
British Somalis dread ban of ‘herbal high’ khat
ECB's Celebration of Its New $1.4 Billion Tower Is Spoiled by Protesters
Indian forces shoot six Kashmir protesters dead
Police chief, police captain, firefighter sentenced for child sex offenses
How can you buy illegal drugs online?
'Anything That Moves': Civilians And The Vietnam War
Xe — formerly Blackwater — fined $7.5 million over arms case
Human rights court blocks extradition of U.K.-based terror suspect to U.S.
Nasdaq plans bitcoin futures contract in 2018, joining CME and CBOE
U.S. ranked 32nd in press freedom index