Unlike Hewlett-Packard, eBay, Yahoo and, before them, Motorola and Nokia, Qualcomm has resisted the pressure from shareholders to break itself in two. For the third time in its history, it has considered the option of separating its licensing and chip technology arms, and has decided its whole is still worth more than the sum of its parts – a conclusion which, despite the firm’s rising antitrust travails, is surely correct. Since July, Qualcomm has been going through a strategic review process, sparked by rising market pressures, the firm’s worst stock performance since the global crash, and the activist investor Jana Partners. At the company’s board meeting this week, it decided not to go for the most extreme option, a break-up.…