TelecomTV TelecomTV
  • News
  • Videos
  • Channels
  • Events
  • Directory
  • Smart Studio
  • Surveys
  • Debates
  • Perspectives
  • DSP Leaders World Forum
  • DSP Leaders
  • Great Telco Debate
    • |
    • Follow
    • |
    • Subscribe
  • |
  • More
  • Webcasts
  • Surveys
  • Debates
  • Perspectives
  • Great Telco Debate
  • |
  • Follow TelecomTV
  • |
    • Subscribe
    • |
  • About
  • Privacy
  • Help
  • Contact
  • Follow TelecomTV
  • About
  • Privacy
  • Help
  • Contact
  • Sign In Register Subscribe
    • Subscribe
    • Sign In
    • Register
  • Search

Tracker

TelecomTV TRACKER

Sourced by TelecomTV's TRACKER platform
from Qualcomm News Room

Tracker

Qualcomm Announces Strategic Realignment Plan

Via Qualcomm News Room

Jul 23, 2015

Taking Aggressive Actions to Improve Performance - Plan Designed to Right-Size Cost Structure and Increase QCT Margins - Will Examine Financial and Structural Alternatives to Create Stockholder Value and Position the Company for Future Growth - Plan Endorsed by JANA Partners, a Significant Qualcomm Stockholder

SAN DIEGO

Qualcomm Incorporated (NASDAQ: QCOM) today announced it has initiated a Strategic Realignment Plan designed to improve execution, enhance financial performance and drive profitable growth as the Company works to create sustainable long-term value for stockholders. The Company also announced that it has entered into an agreement with JANA Partners pursuant to which Mark McLaughlin and Tony Vinciquerra have been added to the Board of Directors and a third director to be selected by the Company and consented to by JANA will be added promptly.

The core elements of the new plan include:

  • Aggressively right-sizing the cost structure by eliminating approximately $1.4 billion in spending, including an approximately $300 million reduction in annual share-based compensation grants; Company expects to achieve this run-rate by the end of fiscal year 2016

  • Reviewing alternatives to the Company’s corporate and financial structure

  • Reaffirming the Company’s plan to return significant capital to stockholders

  • Adding new Directors with complementary skills while reducing the average tenure of the Board of Directors

  • Further aligning executive compensation with performance, including returns on investment

  • Disciplined investment in areas that further Qualcomm’s leadership positions, build upon the Company’s core technologies and capabilities and offer attractive growth opportunities and returns

Complete Press Release

Related Topics
  • Announcement,
  • Device Software & Apps,
  • Digital Platforms & Services,
  • News,
  • North America,
  • Qualcomm,
  • Tracker

More Like This

Access Evolution

DISH to acquire Republic Wireless

Mar 8, 2021

Open RAN

Casa Systems unveils revolutionary 5G O-RAN mid-band radio

Mar 8, 2021

Access Evolution

Nokia to supply Cibicom with mission critical LTE network across Denmark

Mar 8, 2021

Sustainability

IBM study finds advancing women is not a top priority for 70 percent of global organizations surveyed

Mar 8, 2021

Sustainability

Cloud Computing could eliminate a billion tons of CO2 emissions over the next four years, claims IDC

Mar 8, 2021

This content extract was originally sourced from an external website (Qualcomm News Room) and is the copyright of the external website owner. TelecomTV is not responsible for the content of external websites. Legal Notices

Email Newsletters

Stay up to date with the latest industry developments: sign up to receive TelecomTV's top news and videos plus exclusive subscriber-only content direct to your inbox – including our daily news briefing and weekly wrap.

Subscribe

Top Picks

Highlights of our content from across TelecomTV today

15:12

Deutsche Telekom's Abdurazak Mudesir on the expanding Open RAN ecosystem

38:41

The pros and cons of open DSP architectures

10:32

Vodafone UK's Andrea Dona on Open RAN's progress

49:54

Open RAN: what’s the plan for 2021?

  • TelecomTV
  • Decisive Media

TelecomTV is produced by the team at Decisive Media

Menu
  • News
  • Videos
  • Channels
  • Directory
  • Smart Studio
 
  • Surveys
  • Debates
  • Perspectives
  • Events
  • About Us
Our Brands
  • TelecomTV Tracker
  • TelecomTV Perspectives
  • DSP Leaders
  • DSP Leaders World Forum
  • The Great Telco Debate
Get In Touch
[email protected]
+44 (0) 207 448 1070

Request a Media Pack

Follow
  • © Decisive Media Limited 2021. All rights reserved. All brands and products are the trademarks of their respective holder(s).
  • Privacy
  • Terms
  • Legal Notices