Seeking Alpha

Qualcomm sells Omnitracs for $800M

The sale of QCOM's North and Latin American transportation and logistics business is to Vista Equity Partners for $800M in cash.

Shares +0.2% premarket.

Source: Press release.

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Comments (2)
  • dunnhaupt
    , contributor
    Comments (1264) | Send Message
    Smart move. There is no need for QCOM to be involved in the overcrowded logistics business.
    23 Aug 2013, 08:45 AM Reply Like
  • StayCool
    , contributor
    Comments (152) | Send Message
    VERY smart move on QCOM's part. Focus on what you do best!!
    23 Aug 2013, 09:25 AM Reply Like
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