Investor Jana Partners pushes Qualcomm on stock buyback

April 13, 2015 8:07 PM

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Activist investor firm Jana Partners says Qualcomm should speed up a stock repurchase, look for ways to cut costs, and consider splitting itself up.

In a letter sent to investors, Jana Partners said Qualcomm has two "excellent" businesses in its chip design and wireless intellectual property units, but it described Qualcomm's stock performance as underwhelming.

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