Qualcomm promotes COO as CEO and has been promoted to Microsoft CEO candidate

Computer store news: According to Reuters, Qualcomm unexpectedly appointed Chief Operating Officer (COO) Steve & Bull; and Steve Mollenkopf as CEO (CEO) to prevent its possible Was taken away as Microsoft CEO. Qualcomm's current CEO Paul · Paul Jacobs said in an interview with Reuters that Morankov has always decided that he will eventually take over his CEO's position, but now to prevent Morenkov from speeding up this job a process. Jacob is 51 years old and is the son of a co-founder of Qualcomm.

When Reuters asked whether Morankov was promoted this time with Microsoft's olive branch, Jacob said: "Our executives are very talented and very popular. ”

Jacob said: "Now, Morankov is promoted, it is a bit faster than our original plan, but more importantly, we must ensure our management Continuity. ”

Regarding whether Microsoft and Microsoft issued an olive branch to Morenkov, Jacob and Morenkov declined to give specific comments. Microsoft is looking for a candidate to replace Steve Ballmer, the current CEO who is about to retire.

Bloomberg News reported on Thursday that Microsoft has been considering listing Morankov as one of its CEO candidates.

Chris Rolland, an analyst at FBR Capital, a US investment bank, pointed out: "Morlenkov will become an outstanding CEO of Microsoft, but Qualcomm does not want to lose him. Feel understanding. & rdquo;

Roland said: "If I inherited a company with a market value of 130 billion US dollars, I also hope that there are high-ranking people behind me, Morenkov is the tall man. & rdquo;

Morenkov is 44 years old and will officially become the CEO of Qualcomm in March next year. At present, Qualcomm is facing a new test, the growth momentum of the smartphone market has shifted from the United States to mainland China, where Qualcomm is facing an anti-monopoly investigation, and local consumers usually spend less on mobile phones.

In the Nasdaq trade on Friday, Qualcomm's share price closed at $72.58, roughly the same as the previous trading day's share price, indicating that investors believe that the company's CEO changes have little effect.

Qualcomm said that after leaving the CEO, Jacob will continue to serve as executive chairman of the company and focus on developing new technologies and long-term opportunities. Jacob succeeded his father Irvine · in 2005; Irwin Jacobs served as Qualcomm CEO.

Market research firm Bernstein analyst Stasi · Stacy Rasgon points out: "Jacob is a visionary leader, and Morenkov is good at company operations." So I think that one of them is the executive chairman and one is the CEO. This division of labor is very meaningful, although this time is coming earlier than I expected. & rdquo;

Under the leadership of Jacob, Qualcomm, founded in 1985, has become a major chip supplier to smartphones, and its market capitalization has surpassed that of Intel. Intel is still the world's largest chip maker by revenue, but the company is working hard to gain a foothold in the mobile space.

Qualcomm has been asked to return more profits to investors. Last month, Jacques promised to return three-quarters of its free cash flow to shareholders.

Morenkov is an engineer. In 2011, Qualcomm invested $3.1 billion to acquire RF chip maker Atheros Communications Inc. Atheros, in which Morenkov played a major role. After Qualcomm will hold its annual shareholder meeting on March 4 next year, Morenkov will officially take up his post after the meeting.

Under Jacob's leadership, Qualcomm's share price more than doubled, making Qualcomm worth more than $120 billion, while revenues tripled, while the Philadelphia Stock Exchange's semiconductor index grew only 20%.

Although most of Qualcomm's revenue comes from mobile phone chips, most of its profits come from patent licenses for its CDMA mobile phone technology, and Lenkov mainly focuses on the company's chip business.

Jim Kelleher, an analyst at Argus Research, a market research firm, said: “More likely, Morenkov’s role as Qualcomm’s CEO means that the company will be on the chip business. More attention.