Barry Rosenstein's hedge fund firm JANA Partners has gone activist on Qualcomm (QCOM). They're looking for the company to spin off its chip unit from the patent licensing division and for the company to accelerate share repurchases.
Rosenstein was recently interviewed by David Faber at CNBC and said that, "What we think they ought to do is a transparent review of the client businesses, and determine whether or not it makes sense to do either a partial or full split. So we are not definitely saying that they should split it up."
JANA now owns around $2 billion worth of Qualcomm shares
Embedded below is the video of Rosenstein's interview with CNBC:
For more from this hedge fund, we've highlighted other recent portfolio activity from JANA.
Monday, April 20, 2015
JANA Partners Goes Activist on Qualcomm
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