On Friday, Shares of QUALCOMM, Inc (NASDAQ:QCOM), lost -2.27% to $54.29.
QUALCOMM, Inc, a report that the mobile chipmaker is exploring the sale of its augmented reality unit.
Qualcomm may put the Vuforia augmented reality division up for sale as part of its restructuring efforts, according to Re/code.
In July Qualcomm declared it would lay off 15% of its staff and scale back some of its efforts to cut $1.4 billion in costs. The company recently established its location beacon technology Gimbal as its own company as part of those efforts.
Qualcomm is presently under pressure from activist investor Jana Partners to improve its stock performance. Qualcomm President Derek Aberle told Reuters on Thursday that the hedge fund’s is calling for the company to split in two, separating its licensing arm and its chips unit.
Aberle said the company’s current structure assists it leverage relationships with Chinese customers. Aberle admitted that having both the chips and licensing divisions have created conflicts with customers, but said the company can “manage it pretty well,” according to Reuters.
QUALCOMM Incorporated designs, develops, manufactures, and markets digital communications products and services in China, South Korea, Taiwan, and the United States. The company operates through three segments: Qualcomm CDMA Technologies (QCT), Qualcomm Technology Licensing (QTL), and Qualcomm Planned Initiatives (QSI). The QCT segment develops and supplies integrated circuits and system software based on code division multiple access (CDMA), orthogonal frequency division multiple access (OFDMA), and other technologies for use in voice and data communications, networking, application processing, multimedia, and global positioning system products.
Shares of United Continental Holdings Inc (NYSE:UAL), declined -0.98% to $56.69, during its last trading session.
United Continental Holdings, United Airlines (UAL) will present at the 8th Annual Cowen Global Transportation Conference on Wednesday, Sept. 9. Gerry Laderman, United’s senior vice president of finance and acting chief financial officer, and Jim Compton, United’s vice chairman and chief revenue officer, will present at the conference starting at about 11:30 a.m. CDT / 12:30 p.m. EDT.
The live audio webcast and accompanying presentation will be available on the investor relations section of United’s website at ir.united.com. The company will archive the audio webcast on the website within 24 hours of the presentation and the webcast will be available for a limited time.
United Continental Holdings, Inc., together with its auxiliaries, provides air transportation services in North America, the Asia-Pacific, Europe, the Middle East, Africa, and Latin America. It transports people and cargo through its mainline operations, which use jet aircraft with at least 118 seats, and its regional operations. As of December 31, 2014, the company operated a fleet of 1,257 aircraft.
Finally, LyondellBasell Industries NV (NYSE:LYB), ended its last trade with -2.95% loss, and closed at $80.25.
LyondellBasell (LYB), one of the world’s largest plastics, chemical and refining companies, declared that Sergey Vasnetsov, senior vice president, Planned Planning and Transactions, will address investors a 8 a.m. EDT on September 16, 2015, during the Credit Suisse 28th Annual Basic Materials Conference at Credit Suisse’s Madison Avenue offices in New York.
LyondellBasell Industries N.V. operates as a manufacturer of chemicals and polymers, refiner of crude oil, producer of gasoline blending components, and developer and licensor of technologies for production of polymers. The company operates in five segments: Olefins and PolyolefinsAmericas; Olefins and PolyolefinsEurope, Asia, International; Intermediates and Derivatives; Refining; and Technology.
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