The cellphone chip supplier Qualcomm announced a new $4 billion share buyback program and hiked its quarterly dividend by 16 percent. The company had 1.72 billion shares outstanding at the end of last year. The new stock buyback plan will replace the company’s existing $3 billion program, which still having $948 million of repurchase authority remaining. The new plan that is coming with $3.5 billion of available authority is having no expiration date.
I2Mag, an Internet & Design Inspiration Magazine having emphasis on empowering and inspiring people by spreading the waves of knowledge of technology world. I2Mag is an independent news source dedicated to covering start-ups, reviewing internet products, social media, digital culture and technology news.