Last June, Qualcomm (NSDQ: QCOM) CEO Paul Jacobs described the ultimate exit path if wireless TV service FLO TV didn’t turn around: “Say the whole thing blew up, the spectrum itself is worth almost $2 billion based on the latest spectrum auction.” The whole thing did blow up—we were first to report in October that the service was being canceled—and now Qualcomm has a $1.93 billion deal to sell the wireless spectrum to AT&T (NYSE: T). It also should have a hefty profit to show after years of losses on FLO TV; the sale price is nearly three times the $683 million it paid for the spectrum, and double what people had expected it to fetch.
Source: http://feeds.paidcontent.org/~r/pcorg/~3/KsfcyOfB_PA/
VISHAY INTERTECHNOLOGY VIRGIN MEDIA VIEWSONIC VERISIGN VERIFONE HOLDINGS
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