Boston, MA 12/16/2013 (wallstreetpr) – QUALCOMM, Inc. (NASDAQ:QCOM) has been quick off the starting –block last Friday, in appointing its new CEO, Steve Mollenkopf.
Analysts understand the haste in which Qualcomm Inc has had to make the move.
Microsoft’s hunt was pointing to Mollenkopf
If rumours are to be believed, Microsoft Corporation has been on the lookout for a new Chief Executive Officer, post the end of Steve Ballmer’s tenure.
Though most of the names under consideration have been unconfirmed, insiders are quick to point out that Microsoft’s requirements are focused on a new CEO who can deliver the goods, despite the challenges of the industry.
Currently, Microsoft has been closing down on its new deal with phone maker Nokia and is also in the news for rolling out an all new Android-based but not quite Android smartphone as early as the first quarter next year.
Additionally, the drop in PC sales, which are the highest consumers of Windows Operating System have definitely had its affect on the future of Microsoft.
COO was expected to head MSFT
Qualcomm Inc. (NASDAQ:QCOM)’s highly successful Chief Operating Officer Steve MollenKopf, was allegedly one of the top names under consideration to head MSFT high offices.
Qualcomm Inc was quick to move and in an abrupt move, the board of Directors, promoted the COO to the Chief Executive Officers’ post, which will be effective March 4, 2014. They also appointed Paul Jacobs as the new Executive Chairman.
Qualcomm Inc. (NASDAQ:QCOM) is also in the news from the new allotment of 4G licenses in China. The new services will help Qualcomm Inc, to move out of the crowded 3G space into 4G, where lesser number of players will allow the company to see an increase in revenues. The focus of the licenses is on TD-LTE standards only and will see few other players such as China Unicom, and Telecom who operate on the FDD LTE spectrum.
