Qualcomm Is Healthier Than Hedge Fund Thinks

Qualcomm doesn’t need to slash and burn. It needs to invest in itself.
Corrected

Don't slash and burn.

Photographer: Simon Dawson/Bloomberg

This week the hedge fund Jana Partners revealed a big position in Qualcomm and urged the company to break up, cut costs, buy back shares and replace a few directors -- the standard playbook for activist shareholders. But Qualcomm, the world’s leading mobile chipmaker, isn’t quite the typical activist target. And Jana’s proposals seemed to miss the mark.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.