Qualcomm’s hand is being forced to spin off its chip licensing division. After buybacks gave short term artificial rise to the stock and the under performance of the licensing division. The company may have to give in to some of apples demands to get a portion of the $9B and increase its cash balance. With only $6B cash in the bank the company is at its minimum balance and Does not have room for more layoffs.
4 replies (most recent on top)
"He sorts the lay-off list by salary and overhead, not skillset. "
Of course !! Thats his skillset. Look at his resume. He's done it before. He #1 goal is cost savings and the best way to do that is target salary/benefits. Skillset ? Can always run to manpower for some H1Bs later.
Couldn’t agree more on CFO, he is single handily running company into ground and filling his pocket at same time. What a great human being, karma is a b@$@$. Neither chipset or licensing group will survive split. Without Cash cow QCT actually has to make decisions and fund R&D (we see how well these guys make decisions) and Licensing would have to try to collect minus chipset info, good luck with that.
If that' s true, QTL will not survive
Oh yeah? Ask that greedy penny pinching soulless CFO if there is any room for more layoffs. He sorts the lay-off list by salary and overhead, not skillset. Dude is Ebenezer Scrooge incarnate.
Also, QTL without QCT is a troll. Trolls gunna troll.