Qualcomm Under Pressure to Break Up Company to Boost Stock

An activist investor is putting pressure on Qualcomm to break up the company and consider other options to boost its share price. The Wall Street Journal says Jana Partners wants the technology giant should look into spinning off its chip unit from its patent licensing business, which accounts for most of the company's profit. Jana owns more than a 2 billion stake in Qualcomm, which makes it one of the largest shareholders. It's also calling on the company to cut costs, accelerate stock buybacks and make changes to its executive pay structure, financial reporting and Board of Directors. Qualcomm's stock is down 11% in the past year.