Wednesday, September 11, 2013

Qualcomm Announces New $5.0 Billion Stock Repurchase Program

Qualcomm announced a new $5.0 billion stock repurchase program, replacing a similar $5.0 billion repurchase program launched in July underwhich the company has already repurchased approximately 40.1 million shares of common stock for approximately $2.7 billion.

"In recognition of our strong financial position and business model, we are pleased to have recently completed significant stock repurchases and to introduce a new $5.0 billion stock repurchase program," said Dr. Paul E. Jacobs, chairman and CEO of Qualcomm.

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