Qualcomm rejects investor's call for restructuring

Qualcomm indicated that it is unlikely to consider a corporate restructuring after activist investor Jana Partners pushed for the change, according to a



Financial Times

article


.

Qualcomm has appeased investors with the recent announcement of a $5 billion stock buyback.

Jana


had previously asked Qualcomm


to consider spinning off its chip unit from its patent-licensing business, which accounts for most of the company's profit. (Source:


Financial Times


, April 14, 2015).