Thursday, July 22, 2010

Qualcomm Eyes Sale Of MediaFLO

San Diego-based Qualcomm is apparently looking to sell its MediaFLO business, the firm's digital mobile television venture, according to CEO Paul Jacobs. On a conference call discussing the firm's quarterly results Wednesday, Jacobs said that the firm is "engaged in discussions" with partners regarding the direction of the business. Qualcomm's MediaFLO business streams television channels to mobile phones. Jacobs said the firm hopes to have determined what to do with the business within a year's time, saying the discussions are in the "very early stages."