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Qualcomm Buys SoftMax

Qualcomm Inc. said Dec. 17 that it acquired San Diego-based SoftMax Inc. for an undisclosed price. SoftMax, founded by scientists at the Salk Institute and UC San Diego, is a small company specializing in noise reduction and echo cancellation technology for wireless phones. It had seven employees.

Qualcomm’s Nasdaq symbol is QCOM. Shares closed Dec. 17 at $39.12, down 26 cents from the previous session’s close.

, Brad Graves

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