The board told Jacobs that he could not remsin on the bosrd while pursuing a buy-out. The matter went to a vote which Jacobs lost,so removing him from the Qualcomm board,

“There are real opportunities to accelerate Qualcomm’s innovation success and strengthen its position in the global marketplace,” says Jacobs, “these opportunities are challenging as a standalone public company, and there are clear merits to exploring a path to take the company private in order to maximize the company’s long-term performance, deliver superior value to all stockholders, and bolster a critical contributor to American technology.

“I am glad the board is willing to evaluate such a proposal, consistent with its fiduciary duties to shareholders. It is unfortunate and disappointing they are attempting to remove me from the board at this time.”