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Hedge fund wants Qualcomm to break up
Whatever happened to a business strategy just being: Make a product people want, build a better product for less money than your competitor, and promote your product properly?— April 14, 2015 3:50 a.m.
Hedge fund wants Qualcomm to break up
Here was QCOM's statement. I think this is more or less corporate-speak for "Go F yourselves Jana" "Qualcomm welcomes input from our stockholders, including JANA Partners, and we are firmly committed to maintaining an active dialogue with all stockholders and to acting in their best interests. Our opportunities remain strong. Our innovations have made smartphones the most pervasive technology of our time. They come to market through our inclusive licensing program and our cutting-edge chipsets and continue to play an integral role in the expansion of the mobile industry. We are now bringing the benefits of mobile technologies to new areas such as automotive, healthcare, networking, smart homes, smart cities, and wearables among others. Our business continues to generate strong operating cash flows, and we are committed to the ongoing return of capital to stockholders while retaining the financial flexibility to execute on our business plans. We recently significantly increased our stock repurchase authorization to $15 billion, one of the largest capital return programs in the sector. We plan to repurchase $10 billion of common stock within one year in addition to our current capital return commitments. Since inception, we have exceeded our minimum capital return target of 75% of free cash flow. Our Board of Directors and management periodically review our corporate structure. Prior reviews have concluded that the synergies provided by our business model create more value for stockholders than could be created through alternative corporate structures. We will continue to evaluate opportunities to enhance stockholder value and are committed to pursuing the right course of action for all of our stockholders."— April 13, 2015 9:22 p.m.
But will there be enough water for One Paseo?
Yes at some point one way or another humans WILL stop using resources as quickly. Hopefully that way will be due to less and more efficient use of resources. But of course there could be more catastrophic ends.— April 13, 2015 9:19 p.m.
Hedge fund wants Qualcomm to break up
There are tremendous costs in these transactions. The workforcehas to learn new methodologies and adapt to a new corporate culture. Complicated customer and vendor relationships which have been nurtured over years all need to be rebuilt. Hi tech businesses aren't just giant Legos that can be moved around without costs. Of course, people like Icahn are the ones who collect money from the transaction so of course they don't have a problem with it.— April 13, 2015 1:03 p.m.
Hedge fund wants Qualcomm to break up
McDonalds should get rid of their essentially worthless hamburger and fry selling businesses. The soda selling business accounts for most of their profits.— April 13, 2015 12:17 p.m.
Hedge fund wants Qualcomm to break up
And since the Agilent spinoff from HP for some reason Agilent spun off its test equipment line into something called Keysight.— April 13, 2015 11:59 a.m.
But will there be enough water for One Paseo?
Malthus might have been wrong about food production limiting population growth but his basic premise in more general terms - that the earth cannot sustain a population above a certain number - may ultimately be proven true. Climate change, usage of nonrenewable resources, and destruction of ecosystem may ultimately turn out to be the limiting factors in the growth of human population, not food production.— April 12, 2015 7:03 p.m.
But will there be enough water for One Paseo?
At some point we may run into a "Malthusian Era" during which there are fundamental limits to the growth of the economy and population. We are consuming resources at a rate which is likely unsustainable. Either we figure out how to reduce our consumption, use resources much more efficiently, stabilize population size and economy size, or start colonizing other planets - or eventually there will be severe shortages of resources and battles over limited resources. But hey, that's all at least 50-100 years off so it won't affect anybody's quarterly profits so it's OK - right?— April 11, 2015 4:02 p.m.
Reduce water…and continue building? Huh?
Oh stop it guys with all your naysayng logic and science. We need to KEEP BUILDING and KEEP GROWING CROPS so the economy will KEEP GROWING!!! I don't want to hear this negativity! I'm going back to stick my head in the sand.... (Can I start my state senate campaign now?)— April 8, 2015 10:33 a.m.
Reduce water…and continue building? Huh?
If Buffet was really concerned about the transfer of wealth to the super-rich he would have been an outspoken opponent of the Wall Street bailouts and QE. I don't think he has spoken out against these things.— April 6, 2015 7:12 a.m.