Monday, April 23, 2018
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
First-Quarter Lobbying Expenditures: Google, AT&T, Comcast and Comcast Remain Top Spenders
Samsung Launches Six Original Series on Samsung VR Video Service on Gear VR
Facebook Says Users Are Not Products, the Social Network Is
European Regulators Investigate Apple's Proposed Acquisition of Shazam
Amazon is Working on Home Robots: report
7nm Volume Production to Fuel TSMC's Profits This Year
Toshiba Weighs Memory Chip Unit Options
Google Chat Launches to compete with Apple's iMessage
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > General Computing > Qualcom...
Last 7 Days News : SU MO TU WE TH FR SA All News

Saturday, March 17, 2018
Qualcomm Director Paul Jacobs to Exit Qualcomm Board


Qualcomm announced that Dr. Paul Jacobs will not be re-nominated to the Qualcomm board of directors at Qualcomm's Annual Meeting of Stockholders on March 23, 2018, after he disclosed his intention to pursue a long-shot acquisition of the firm.

Qualcomm's board reached that decision following Jacobs' notification to the board that he has decided to explore the possibility of making a proposal to acquire Qualcomm.

"Following the withdrawal of Broadcom's takeover proposal, Qualcomm is focused on executing its business plan and maximizing value for shareholders as an independent company. There can be no assurance that Dr. Jacobs can or will make a proposal, but, if he does, the Board will of course evaluate it consistent with its fiduciary duties to shareholders, "Qualcomm said.

The board decision comes just days after U.S. President Donald Trump blocked a $117 billion hostile bid from Singapore-based rival Broadcom Ltd to acquire Qualcomm, citing national security concerns.

Dr. Jacobs has been an employee and director of Qualcomm since 1990, rising to the level of Chief Executive Officer and Chairman of the board.

Jacobs said in a separate statement that it was "unfortunate and disappointing" that his fellow board members were "attempting to remove me from the board at this time."

"There are clear merits to exploring a path to take the company private in order to maximize the company's long-term performance, deliver superior value to all stockholders, and bolster a critical contributor to American technology," Jacobs said.



Previous
Next
Standalone Oculus Go Headset Could Debut Next Month        All News        Samsung Galaxy S9 and S9+ Go On Sale
Standalone Oculus Go Headset Could Debut Next Month     General Computing News      Samsung in Talks With Boeing to Bring Mobile Tech To Planes

Get RSS feed Easy Print E-Mail this Message

Related News
Qualcomm Unveils the Vision Intelligence Platform for IoT Devices Powered by Camera, AI and Computer Vision
Qualcomm's New Snapdragon 845 Virtual Reality Development Kit Coming In Q2
Broadcom Withdraws Offer to Buy Qualcomm After Trump Veto
President Trump Blocks Proposed Takeover of Qualcomm by Broadcom
Broadcom Committed to Security, 5G Leadership
Qualcomm Shareholder Meeting Postponed as US Will Examine Broadcom's Offer
MWC: New Qualcomm Snapdragon 700 Mobile Platform Brings AI features to Affordable Smartphones
Qualcomm Admits It's All About Money in Broadcom Offer
Samsung and Qualcomm Expand Foundry Cooperation on EUV Process Technology
Qualcomm Introduces First Integrated 802.11ax-ready Solution for Smartphones
Qualcomm Announces New Snapdragon 845 Mobile VR Reference Design, Qualcomm TrueWireless Stereo Technology
Broadcom Lowers Offer for Qualcomm

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2018 - All rights reserved -
Privacy policy - Contact Us .