BUT BUT BUT... I thought JANA was going to save us!!!!
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Layoffs haven't helped stock prices for a decade or more.
JANA's end game saving the company, its to sell off or strip away QCT so that the stock blooms on the IP then sell the stock before the IP business crashes.
The only 2 ways the stock price goes up are
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Significant Revenue growth (either they win the socket at Samsung for an integrated chipset AP + Modem or grow revenue through acquisition)
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They split the company
All of this cost cutting and accelerated buy backs are not going to help. JANA probably bought the stock at $70ish and for them to get a significant return they are counting on splitting up the company.
JANA's buying right now
JANA did save. I bet you it would $55 without layoff & possibility of breakup