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Qualcomm (QCOM) got several price target cuts Thursday after the chipmaker late Wednesday reported a big drop in fiscal Q3 earnings, gave a weak outlook and announced that it’s “aggressively right-sizing” by eliminating up to $1.4 billion in spending and slashing 15% of its workforce. The San Diego-based company said that its strategic realignment effort could include breaking into separate patent-licensing and chip-design companies, among many Scalper1 News
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