PRTODAY / NewswireToday Free press release distribution service network

Written by / Agency / Source: QUALCOMM, Inc.

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Qualcomm Completes $2.4 Billion Acquisition of CSR - Expands Product Lines and Channels to Accelerate Growth in Internet of Everything and Automotive Segments - CSR.com / Qualcomm.com
Qualcomm Completes $2.4 Billion Acquisition of CSR

 

NewswireToday - /newswire/ - San Diego, CA, United States, 2015/08/13 - Expands Product Lines and Channels to Accelerate Growth in Internet of Everything and Automotive Segments - CSR.com / Qualcomm.com. NASDAQ: QCOM

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Telecom/Wireless/VoIP/IPTV Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!

World needs to know about google malpractices - Share your Adsense publishers stories on Google tactics to steal your revenues

 

Qualcomm Incorporated today announced that its indirect, wholly-owned subsidiary, Qualcomm Global Trading Pte Ltd, has completed its acquisition of CSR plc (CSR), a leading fabless provider of end-to-end semiconductor and software solutions for the Internet of Everything (IoE) and automotive segments. The acquisition, which was completed at an enterprise value of approximately $2.2 billion ($2.4 billion equity value)*, complements Qualcomm Technologies, Inc.’s (Qualcomm Technologies) current offerings by adding a compelling portfolio of new products, sales channels and a large number of customers in the areas of IoE and automotive both key growth priorities for Qualcomm Technologies.

Cambridge Silicon Radio Limited is currently an indirect, wholly-owned subsidiary of CSR that operates, along with its affiliates, substantially all of CSR’s engineering, research and development functions, along with substantially all of the CSR products and services businesses. Cambridge Silicon Radio Limited will be renamed Qualcomm Technologies International, Ltd, which will become a subsidiary of Qualcomm Technologies.

“As we strive to connect billions more devices, automobiles and people within the Internet of Everything, we are enthusiastic about the growth that this combination will foster,” said Steve Mollenkopf, chief executive officer, Qualcomm Incorporated. “CSR’s complementary strengths in connectivity, audio technologies and systems-on-chips will help strengthen Qualcomm Technologies’ position in the IoE and automotive industries, and add to a broad and highly advanced portfolio.”

“We are pleased to join a recognized leader such as Qualcomm Technologies at an exciting time as customers race to satisfy the growing consumer desire for more and more seamlessly connected devices in their ‘smart’ homes, offices and cars,” said Joep van Beurden, chief executive officer, CSR. “Our employees have a strong history of pioneering new products and collaborating with customers to deliver critical technology requirements such as interoperability, low power and connectivity. Together with Qualcomm Technologies, we are better positioned to meet our customers’ needs today and into the future.”

While the accounting for the transaction is not yet finalized, Qualcomm estimates that on a Non-GAAP basis the acquisition will be modestly accretive to earnings per share in fiscal 2016 consistent with prior guidance. In addition, based on preliminary estimates, Qualcomm expects the transaction to be modestly dilutive to GAAP earnings for fiscal 2016 driven primarily by acquisition-related items.

About Qualcomm Incorporated
Qualcomm Incorporated (qualcomm.com) is a world leader in 3G, 4G and next-generation wireless technologies. Qualcomm Incorporated includes Qualcomm’s licensing business, QTL, and the vast majority of its patent portfolio. Qualcomm Technologies, Inc., a wholly-owned subsidiary of Qualcomm Incorporated, operates, along with its subsidiaries, substantially all of Qualcomm’s engineering, research and development functions, and substantially all of its products and services businesses, including its semiconductor business, QCT, and its IoE businesses. For more than 30 years, Qualcomm ideas and inventions have driven the evolution of digital communications, linking people everywhere more closely to information, entertainment and each other.

This news release contains forward-looking statements that are subject to risks, uncertainties and assumptions. Actual results could differ materially from those expressed or implied by such forward-looking statements. All statements other than those of historical fact could be deemed forward-looking statements, including but not limited to statements regarding: the expected benefits of the transaction; management plans relating to the transaction; the plans, strategies and objectives of management for future operations; product development, product extensions, product integration, new products, sales channels and customers, complementary product offerings and growth opportunities in certain business areas, including the Internet of Everything and automotive; the potential future financial impact of the transaction; and any assumptions underlying any of the foregoing. Actual results may differ materially from those referred to in the forward-looking statements due to a number of important factors, including but not limited to the possibility that expected benefits of the transaction may not materialize as expected; that Qualcomm may not be able to successfully integrate the products and employees of CSR or ensure the continued performance or growth of CSR’s products; as well as the other risks detailed from time to time in Qualcomm’s SEC reports, including its most recent Quarterly Report on Form 10-Q for the period ended June 28, 2015. Qualcomm does not undertake any obligation to update, or continue to provide information with respect to, any forward-looking statement, whether as a result of new information, future events or otherwise.

*This assumes GBP to U.S. foreign exchange rate of 1.56.

Qualcomm Contacts
Emily Kilpatrick
P: +1 858-845-5959 - E: corpcomm[.]qualcomm.com.

Warren Kneeshaw
P: +1 858-658-4813 - E: ir[.]qualcomm.com.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Telecom/Wireless/VoIP/IPTV Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!

World needs to know about google malpractices - Share your Adsense publishers stories on Google tactics to steal your revenues

 

Written by / Agency / Source: QUALCOMM, Inc.

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Telecom/Wireless/VoIP/IPTV articles,
CATCH Visitors via Your Competitors Announcements!


Qualcomm Completes $2.4 Billion Acquisition of CSR

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

Qualcomm Incorporated | CSR plc
Publisher Contact: Laurie Falconer - Qualcomm Atheros 
408-652-0632 laurief[.]qti.qualcomm.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any QUALCOMM, Inc. securities in any jurisdiction including any other companies listed or named in this release.

Telecom/Wireless/VoIP/IPTV via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From QUALCOMM, Inc. / Company Profile


Read Telecom/Wireless/VoIP/IPTV Most Recent Related Newswires:

Qualcomm, AT&T and CH2M Collaborate to Improve Water Management in Georgia’s Gwinnett County Department of Water Resources
Motorola Solutions Expands Managed & Support Services with Chile Acquisition
HCL Wins Everest Group Award for Life Sciences & Healthcare IT Services
Verizon Chooses Datamena for Middle East Expansion
HCL Announces Three Stage Internet of Things Maturity Framework
Grandstream Releases A New DECT HD Repeater for Beta Testing
Gartner Recognizes HCL as a Leader for Managed Workplace Services, North America and Europe
Affiliates of Siris Capital Complete Combination of Mitel Mobile with Xura and Ranzure Networks to Create the New Mavenir Systems
Motorola Solutions, Telstra and Ericsson Deliver World First, LTE Broadcast-enabled PTT Call on Telstra’s LTE Network
Qualcomm and Mercedes-AMG Petronas Motorsport Conduct Trials Utilizing 802.11ad Multi-gigabit Wi-Fi for Racecar Data Communications
AVST Helps Customers Future-Proof Their UC Investments
Qualcomm, Ericsson and NTT DOCOMO Announce Collaboration on 5G NR Trials to Accelerate Wide-scale 5G Deployments in Japan
Qualcomm eXtension Program Members Bring Amazon Alexa Wake Word Support for Bluetooth® Audio Devices
Viber Chooses Dialogic’s Cloud-Based SoftSwitch and SBC for its Voice Core Infrastructure
Qualcomm and LG Bring 5G and Cellular-V2X Communications into Vehicles

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  La Bella Bakery Artisan Bakery Arizona

Visit  NAKIVO, Inc.





 
  ©2017 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)