This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Qualcomm Management Transition Effective Today

Stocks in this article: QCOM

SAN DIEGO, March 4, 2014 /PRNewswire/ -- Qualcomm Incorporated (NASDAQ: QCOM) today announced the management transition of Steve Mollenkopf to chief executive officer and Dr. Paul E. Jacobs to executive chairman of the Board of Directors during the Company's 2014 Annual Meeting of Stockholders. As CEO, Mollenkopf will assume overall responsibility for Qualcomm, including all lines of business and all functional groups in the Company. In his role as executive chairman, Dr. Jacobs will help guide the development of new technology and Qualcomm's long-term opportunities.

To view the multimedia assets associated with this release, please click: http://www.multivu.com/mnr/65998-qualcomm-management-mollenkopf-ceo-dr-jacobs-executive-chairman

From left to right: Dr. Paul E. Jacobs, Executive Chairman of the Board of Directors; Dr. Irwin M. Jacobs, Founding Chairman and CEO Emeritus; and Steve Mollenkopf, Chief Executive Officer.

"I couldn't be more honored and energized to lead the Company through these exciting times," said Steve Mollenkopf, CEO of Qualcomm. "I see numerous opportunities in the coming years for both Qualcomm and the greater industry. Since our founding more than 28 years ago, Qualcomm has been an enabler of the mobile ecosystem and with the support and collaboration of our partners, Qualcomm will continue to push the boundaries of mobile technology."

During Dr. Jacobs' tenure as CEO, he guided the Company through extraordinary growth. The Company's market cap more than doubled, revenues more than quadrupled and GAAP EPS more than tripled. Dr. Jacobs also forged strong collaborations with key global mobile device manufacturers and operators, as well as broadened the mobile ecosystem to key vertical industries. In 2005 when Dr. Jacobs took the title of CEO, Qualcomm was a global Code Division Multiple Access (CDMA)-centric company. Today, Qualcomm is a global wireless company that is driving the mobile ecosystem.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,164.95 -251.90 -1.45%
S&P 500 1,994.99 -26.26 -1.30%
NASDAQ 4,635.24 -48.1670 -1.03%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs