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August 26, 2010

Stock buybacks have returned to prominence of late, but what are the reasons for family businesses to go down this avenue? Darrell Delamaide invesigates

After last year's dramatic decline, stock buybacks have surged in 2010 as companies bank on the fact that their stock is a good investment. It is also a way to return money to shareholders, because it juices earnings per share by reducing the denominator, which, all other things being equal, will then lift the share price. At the very least it can prevent dilution when shares are distributed for stock options or other purposes and it is this aspect of stock buybacks that is particularly important in family-controlled companies.

March 2, 2010

Oualcomm, the family-controlled communications company, announced yesterday it plans to buy back up to $3 billion of its shares whilst also increasing its quarterly cash dividend by 12%.

Oualcomm, the family-controlled communications company, announced yesterday it plans to buy back up to $3 billion of its shares whilst also increasing its quarterly cash dividend by 12%.

The stock buyback programme replaces a $2 billion stock repurchase that recently completed with a $1.7 billion uptake, the company said in a statement. The quarterly dividend will increase from $0.17 to $0.19 per share of common stock.

June 12, 2009

Family-controlled wireless communications company Qualcomm has given a clear indication that they expect the US economy to pick up in the second half of this year.

Family-controlled wireless communications company Qualcomm has given a clear indication that they expect the US economy to pick up in the second half of this year. The company yesterday raised their financial guidance for the third quarter of 2009 to between $2.67 billion and $2.77 billion. Previous quarter revenue estimates were between $2.40 billion to $2.60 billion.
 

March 4, 2009

Qualcomm, the family-controlled wireless communications company, has announced that co-founder Dr Irwin Mark Jacobs is to step down from his position as chairman with immediate effect.

Qualcomm, the family-controlled wireless communications company, has announced that co-founder Dr Irwin Mark Jacobs is to step down from his position as chairman with immediate effect.

Although continuing to serve as a board member, he has ceded his position at the helm to his son Dr Paul E Jacobs (pictured), who has served as CEO for the past two years. During his time at Qualcomm, Paul has held numerous engineering and leadership positions, and has led the company's focus on enabling wireless data services.

December 3, 2007

Qualcomm Inc, the family-owned telecommunications firm has agreed to acquire Atlanta-based Firethorn Holdings, LLC, an industry-leading mobile banking enabler. Qualcomm will pay approximately $210 million in cash for Firethorn

Qualcomm Inc, the family-owned telecommunications firm has agreed to acquire Atlanta-based Firethorn Holdings, LLC, an industry-leading mobile banking enabler. Qualcomm will pay approximately $210 million in cash for Firethorn.

The acquisition is intended to help financial institutions accelerate consumer adoption of mobile banking services, such as viewing account balances and history, bill pay and money transfers, while also driving the development and delivery of mobile payments and mobile marketing services.

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