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Three Qualcomm Managers Charged with Insider Trading

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According to charges filed by the U.S. Attorney’s Office, three Qualcomm Managers were charged with insider trading pertaining to the Qualcomm acquisition of Atheros, which was announced back in 2011. As we had reported the acquisition on January 5th, the New York Times actually broke the story late on January 4th, 2011 with the official announcement coming on the 5th. However, the men implicated in this insider trading scheme had all bought stock of Atheros hours prior to the announcement, which obviously would net them quite a bit of money since Qualcomm had planned to acquire Atheros to the tune of $3.1 billion. Qualcomm had fully cooperated

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