Qualcomm Incorporated QCOM
today announced that its Board of Directors has approved, effective
immediately, a new $5.0 billion stock repurchase program. This replaces the
prior $5.0 billion stock repurchase program announced on March 5, 2013, at
which time we had also announced a 40 percent increase in the quarterly cash
dividend. Since July 24, 2013, the Company repurchased approximately 40.1
million shares of common stock for approximately $2.7 billion.
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