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Jacobs off Qualcomm board

Jacobs told the board that he was looking at taking Qualcomm private and had talked to various possible sources of finsnce for such a move including Softbank.

Mar. 17, 2018 – 

The board told Jacobs that he could not remain on the board while pursuing a buy-out. The matter went to a vote which Jacobs lost, so removing him from the Qualcomm board,

"There are real opportunities to accelerate Qualcomm's innovation success and strengthen its position in the global marketplace," says Jacobs, "these opportunities are challenging as a standalone public company, and there are clear merits to exploring a path to take the company private in order to maximize the company's long-term performance, deliver superior value to all stockholders, and bolster a critical contributor to American technology.

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