[quote=Hatfield]Huh? QTL and QCT are still part of the mother ship. QCT is part of the new QTI entity which operates as a wholly-owned subsidiary, and everything still trades as QCOM. I wouldn’t call any of this arms-length.[/quote]
You’re right, they’re still part of QCOM, but they’re legally separated. That’s the whole reason why the put everyone not part of QTL into QTI. My guess is that’s the first step.