Qualcomm Looking To Sell Off FLO TV

Qualcomm aren't happy with their Mobile TV unit , FLO TV. The unit has cost them a whole heap of money to set up (in spectrum and hardware costs), and it's proving difficult to build a brand and get the chipsets into devices. So, during their earnings call today , Qualcomm CEO Paul Jacobs said that they have begun discussions with other companies regarding "alternatives" for the business. This likely means that they want to sell the unit off to a company that either a) thinks they can build the brand and get the service running on enough devices to turn a profit, or b) wants the spectrum that would come with the deal for other purposes.