Featured Articles

Snapdragon 400 is Qualcomm’s SoC for watches, wearables

Snapdragon 400 is Qualcomm’s SoC for watches, wearables

We wanted to learn a bit more about Qualcomm's plans for wearables and it turns out that the company believes its…

More...
Qualcomm sampling 20nm Snapdragon 810

Qualcomm sampling 20nm Snapdragon 810

We had a chance to talk to Michelle Leyden-Li, Senior Director of Marketing, QCT at Qualcomm and get an update on…

More...
EVGA GTX 970 SC ACX 2.0 reviewed

EVGA GTX 970 SC ACX 2.0 reviewed

Nvidia has released two new graphics cards based on its latest Maxwell GPU architecture. The Geforce GTX 970 and Geforce GTX…

More...
Nvidia GTX 980 reviewed

Nvidia GTX 980 reviewed

Nvidia has released two new graphics cards based on its latest Maxwell GPU architecture. The Geforce GTX 970 and Geforce GTX…

More...
PowerColor TurboDuo R9 285 reviewed

PowerColor TurboDuo R9 285 reviewed

Today we will take a look at the PowerColor TurboDuo Radeon R9 285. The card is based on AMD’s new…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Wednesday, 09 April 2014 11:30

Qualcomm boss unloads shares

Written by Nick Farrell

Makes $5,686,100 on sale

Qualcomm Chairman Paul Jacobs flogged 70,000 shares of Qualcomm stock and made $5,686,100. Jacobs now owns 29,269 shares in the company, valued at approximately $2,377,521.

According to a legal filing with the Securities & Exchange Commission, the deal went through on Friday. What is a little strange about the deal is that analysts have been getting more optimistic about the company lately. Canaccord Genuity raised their price target on shares of Qualcomm from $86 to $90. Jefferies raised its price target $86 to $95 and  Deutsche Bank raised its price target from $78.00 to $86.00. All three are saying that people should buy the stock.

The company issued quarterly earnings data on January 29th and its revenue for the quarter was up 10 per cent on last year. All we can assume is that Jacobs wanted the money in a hurry. (To buy some MediaTek shares? Ed)

It should be pointed out that Jacobs' loyalty cannot be questioned in spite of the sale. He is not just another tech exec, he is the son of Qualcomm co-founder Irwin M. Jacobs. Jeff Jacobs, Paul Jacob's brother, was Qualcomm's CMO for years. 

Nick Farrell

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments