Qualcomm Buys Noise Reduction Developer Softmax

Qualcomm (QCOM) said Monday it has purchased private noise reduction technology developer Softmax. Terms of the deal were not disclosed. Qualcomm, a digital wireless communications company, will use Softmax's technology in "handsets, Bluetooth headsets and other consumer devices." CEO Sanjay Jha said, "The acquisition of SoftMax will allow new opportunities for our customers to differentiate themselves by providing a superior level of voice quality to end users." It was Qualcomm's second acquisition in as many months; last month, the company bought Firethorn, which provides mobile banking services, for $210 million. Shares were down 0.7% Monday.

Sources: Press release, Reuters
Additional Reading: Initial Ruling Says Nokia Didn't Violate Qualcomm Patents

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Comments

[User 130900]

QCOM CEO needs to pushed out by his retired Daddy along with all the legal staff - nothing but lawsuits and overpriced purchases - can they do anything right? Ever since his Dad stepped down this thing has been crippled.