There's no rest for Qualcomm's weary stock.
Since gently pushing back against activist investor Barry Rosenstein and his Jana Partners in mid-April, Qualcomm shares have only fallen. The stock is down about 1.3 percent since April 13, when Rosenstein told CNBC that the company should consider spinning off its chip unit from its patent-licensing business to increase value.
"Prior reviews have concluded that the synergies provided by our business model create more value for stockholders than could be created through alternative corporate structures," Qualcomm said in a statement responding to Jana.
"We will continue to evaluate opportunities to enhance stockholder value and are committed to pursuing the right course of action for all of our stockholders," the company added.
Qualcomm noted that it recently increased its stock repurchase authorization to $15 billion, and that it also plans to repurchase $10 billion of common stock within a year.