During Monday’s current trade, QUALCOMM Incorporated (NASDAQ:QCOM)’s shares surged 2.01% to $68.46.
On April 13, QUALCOMM Incorporated issued the following statement regarding ideas presented by JANA Partners LLC at an investor conference:
Qualcomm welcomes input from our stockholders, counting 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 raised 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 administration periodically review our corporate structure. Preceding reviews have concluded that the synergies offered 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.
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).
During an afternoon trade, Voltari Corporation (NASDAQ:VLTC)’s shares inclined 14.33% to $9.91, hitting its highest level today, as the stock continues its gains from the past two weeks on reports that billionaire investor Carl Icahn raised his stake in the mobile technology company.
On March 31, Icahn revealed that he attained about 4 million additional shares of Voltari at an average price of $1.36 per share. He now has a 52.3% stake in the company, according to Reuters.
Voltari Corporation, together with its auxiliaries, provides relevance-driven merchandising, digital marketing, and advertising solutions, primarily over smartphones and other mobile devices to brands, marketers, and advertising agencies. It also offers predictive analytics services. The company was founded in 2001 and is headquartered in New York, New York.
Yahoo! Inc. (NASDAQ:YHOO), during its Monday’s current trading session gained 0.38%, to $44.62.
Today, Yahoo, declared that Sharon Carty is the new Editor-in-Chief of the recently launched digital magazine, Yahoo Autos. Sharon will lead a talented group of automotive experts counting Managing Editor Justin Hyde, Editor-at-Large Alex Lloyd and Road Test Editor Aki Sugawara.
Sharon joins Yahoo Autos from AOL’s Autoblog where she was the Editor-in-Chief overseeing a staff of reporters and videographers. Sharon has covered the auto industry since 2002. She’s broken news on the General Motors and Chrysler bankruptcies, Toyota’s sudden acceleration recalls, and documented the emerging Asian markets by traveling to China, India and South Korea. She served as USA Today’s Detroit bureau reporter and has written for the Wall Street Journal and New York Times.
Yahoo Autos puts readers in the driver’s seat with special access to unreleased cars, a redesigned new car research tool, exclusive interviews, breaking news and more. Yahoo’s digital magazines are quickly rising to the top of their categories with number one titles like Yahoo Beauty, Yahoo Movies, Yahoo Parenting, Yahoo Style and Yahoo Travel.
Yahoo! Inc. provides search and display advertising services on Yahoo properties and associate sites worldwide. The company offers Yahoo Search that serves as a starting point to navigate the Internet and discover information; and Yahoo Answers, which enables users to seek, discover, and share knowledge and opinions across mobile phones, tablets, and desktops.
Finally, Hasbro Inc. (NASDAQ:HAS), gained 11.64% Monday, hitting its highest level today.
Today, Hasbro stated financial results for the first quarter 2015. Net revenues for the first quarter 2015 raised 5% to $713.5 million as compared to $679.5 million in 2014. Not taking into account a negative $62.6 million influence from foreign exchange, revenues raised 14%.
Net earnings for the first quarter 2015 were $26.7 million, or $0.21 per diluted share, contrast to $32.1 million, or $0.24 per diluted share, in 2014. Net earnings for the first quarter 2015 raised 43% as compared to adjusted net earnings of $18.6 million, or $0.14 per diluted share, in 2014. As stated first quarter 2014 net earnings comprised of favorable tax adjustments of $13.5 million or $0.10 per diluted share.
The Company paid $53.5 million in cash dividends to shareholders during the first quarter 2015. The next quarterly cash dividend payment of $0.46 per common share is planned for May 15, 2015 to shareholders of record at the close of business on May 1, 2015.
During the first quarter, Hasbro repurchased about 436,000 shares of common stock at a total cost of $25.2 million and an average price of $57.80 per share. At quarter-end, $539.0 million remained accessible in the current share repurchase authorization.
Hasbro, Inc., together with its auxiliaries, provides children’s and family leisure time products and services worldwide. The company’s product offerings comprise various toys comprising boys action figures, vehicles and playsets, girls toys, electronic toys and games, plush products, preschool toys and infant products, electronic interactive products, creative play, and toy-related specialty products.
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