Qualcomm to sell its original core business?

Posted on Wednesday, June 20 2012 @ 15:59 CEST by Thomas De Maesschalck

Bright Side of News heard rumors that Qualcomm is considering to sell its Qualcomm Enterprise Services unit:

According to our sources close to the heart of the company, there is a possibility that Qualcomm [NASDAQ:QCOM] will be selling their Qualcomm Enterprise Services business for an undisclosed amount of money. This business primarily deals with fleet management primarily pertaining to big rigs and other types of logistics management.

Qualcomm Enterprise Services is the child of their OmniTRACS business which was Qualcomm's root business back in 1985. OmniTRACS is a satellite locating and messaging service primarily used by trucking companies. This business helped Qualcomm become a leader in CDMA technology. OmniTRACS allowed Qualcomm to test CDMA technology and eventually deploy it into phones.

About the Author

Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.

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Re: Qualcomm to sell its original core business?
by Anonymous on Monday, June 25 2012 @ 18:31 CEST

True (or at least according to some)

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