RF Micro Devices (RFMD) Sells Bluetooth Assets to Qualcomm Inc. (QCOM)
RF Micro Devices has sold most of its Bluetooth assets to Qualcomm for a total of $39 million, the company has announced.
RF Micro (NASDAQ: RFMD - News) will hold on to the four Bluetooth products that have generated most of the company's revenue in the technology to date, while increasing its focus in the future on its more central product lines such as cellular transceivers, power amplifiers, GPS receivers and others.
Qualcomm (NASDAQ: QCOM - News) will acquire the assets and intellectual property related to RF Micro's next generation of Bluetooth chips. Bluetooth is a wireless technology commonly used over very short distances to link electronic devices.
RF Micro (NASDAQ: RFMD - News) will hold on to the four Bluetooth products that have generated most of the company's revenue in the technology to date, while increasing its focus in the future on its more central product lines such as cellular transceivers, power amplifiers, GPS receivers and others.
Qualcomm (NASDAQ: QCOM - News) will acquire the assets and intellectual property related to RF Micro's next generation of Bluetooth chips. Bluetooth is a wireless technology commonly used over very short distances to link electronic devices.
Labels: QCOM, Qualcomm Inc., RF Micro Devices, RFMD
posted by Stock Administrator @ 11:17 AM
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