Wired News – Qualcomm Names New President
Stock Monitor: Ciena Post Earnings Reporting
LONDON, UK / ACCESSWIRE / January 02, 2018 / Active-Investors.com has just released a free research report on Qualcomm Inc. (NASDAQ: QCOM). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=QCOM as the Company's latest news hit the wire. On December 27, 2017, the Company announced that it has promoted Cristiano R. Amon to the position of President of Qualcomm, effective January 04, 2018. Currently, Amon is serving as Executive Vice President of Qualcomm Technologies, Inc. and President of QCT. He will be responsible for formulating and driving key strategies for growing the Company. Amon will also retain the position of President of QCT. Register today and get access to over 1000 Free Research Reports by joining our site below:
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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Qualcomm most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:
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Amon's Leadership Roles at Qualcomm
Amon has positioned Qualcomm as the industry leader in mobile technology, successfully built the chipset strategy and business in China, drove growth in adjacent markets, and developed deep and strategic customer relationships critical to the Company's long-term success. He has been managing QCT's product roadmap since 2008, a period of unprecedented growth and innovation for Qualcomm and the industry.
Amon's Career History
Cristiano R. Amon joined Qualcomm in 1995 as an engineer and during this time he has held several other business and technical leadership roles at the Company. For the last five years, Amon has been responsible for Qualcomm's semiconductor business, first as Co-President of QCT and a member of Qualcomm's Executive Committee, and then as President of QCT for the past two years. Currently, he is responsible for the oversight of all activities related to Qualcomm's semiconductor business. Before joining Qualcomm, Amon was the Chief Technical Officer of Vésper, a wireless operator in Brazil, and held positions at NEC, Ericsson, and Velocom Inc. Amon holds a Bachelor of Science degree in Electrical Engineering from UNICAMP- Universidade Estadual de Campinas, São Paulo, Brazil.
Qualcomm's Board Rejected Director Nominees Assembled by Broadcom and Silver Lake Partners
On December 22, 2017, Qualcomm announced that its Board of Directors, following the recommendation of the Board's Governance Committee, unanimously determined not to nominate any of the 11 candidates assembled by Broadcom Ltd and Silver Lake Partners to replace the Company's current directors at Qualcomm's 2018 Annual Meeting of Stockholders. Qualcomm also filed its preliminary proxy statement with the US Securities and Exchange Commission in connection with Qualcomm's upcoming 2018 Annual Meeting. Qualcomm's Board is nominating its 11 incumbent Directors for re-election at the 2018 Annual Meeting. Qualcomm confirmed receipt of Broadcom's nomination of a slate of candidates to replace Qualcomm's existing Board of Directors on December 04, 2017.
In November 2017, Qualcomm's Board of Directors unanimously rejected Broadcom's non-binding, unsolicited proposal to acquire Qualcomm for a consideration of $60.00 per share in cash and $10.00 in Broadcom's stock.
About Qualcomm Inc.
Founded in 1985, Qualcomm designs, develops, manufactures, and markets digital communication products worldwide. The Company operates through three segments, namely: (i) Qualcomm CDMA Technologies (QCT), (ii) Qualcomm Technology Licensing (QTL), and (iii) Qualcomm Strategic Initiatives (QSI). Qualcomm pioneered 3G and 4G, and is now leading the way to 5G and a new era of intelligent, connected devices. The Company is headquartered in San Diego, California.
Stock Performance Snapshot
December 29, 2018 - At Friday's closing bell, Qualcomm's stock marginally declined 0.56%, ending the trading session at $64.02.
Volume traded for the day: 6.62 million shares.
Stock performance in the previous three-month period – up 23.50%; and past six-month period – up 15.94%
After last Friday's close, Qualcomm's market cap was at $94.91 billion.
Price to Earnings (P/E) ratio was at 38.71.
The stock has a dividend yield of 3.56%.
The stock is part of the Technology sector, categorized under the Communication Equipment industry.
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