QUALCOMM Incorporated (NASDAQ:QCOM) retreated its position after shares change of 0.11% on Wednesday and it traded at $64.37. The 52-week high of the share price is -7.09% and 52-week low of the share price is 31.58%.
Qualcomm Incorporated (QCOM) reported that Cristiano R. Amon, executive vice president, Qualcomm Technologies, Inc. and president of QCT, has been promoted to president of Qualcomm Incorporated, effective January 4, 2018. In his new role, Amon will formulate and drive key strategies for growing the company in both Qualcomm’s core businesses, as well as new business opportunities. Amon will also continue to lead the QCT business, reporting to Steve Mollenkopf, Chief Executive Officer of Qualcomm Incorporated.
CEO of Qualcomm Incorporated, Steve Mollenkopf said, “Cristiano’s unique mix of business, engineering and operational skills and experience make him ideally suited to continue driving Qualcomm’s technology and leadership positions across mobile, IoT, automotive, edge computing and networking and lead the transition to 5G.”
Under his leadership, 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 consumer relationships critical to the Company’s long-term success. Amon has been managing QCT’s product roadmap since 2008 — a period of unprecedented growth and innovation for Qualcomm and the industry.
The shares performance of QCOM was -6.69% for the last one month and -1.65% in the previous week, whereas year to date performance was calculated -1.38%. The goal of share performance is to compare managers to the interests of shareholders. Their goal is alike to employee stock-option plans, as they offer an explicit incentive for management to focus their efforts on maximizing shareholder value. When calculating in the EPS estimates for the current year from sell-side analysts, the Price to current year EPS stands at -56.50%. Investors looking further ahead will note that the Price to next year’s EPS is 6.89%.
In latest trading session, Facebook, Inc. (NASDAQ:FB) surged 0.93% with 4.9 Million trading volume. The founder of Facebook (FB) Mark Zuckerberg must contain only reluctantly offered up his company’s Christmas gift to users in the US and UK. Very quietly, on Dec. 22, the Friday before Christmas, Facebook rolled out a tool for users to check their engagement with Russian propaganda. It appeared on the site with no official announcement.
Presumably, the social media giant wants to regain lost trust and maintain relevance after admitting Russian propagandists manipulated the platform’s readers during critical 2016 political events, like the US election and the UK’s Brexit vote. Facebook first reported it was developing the tool in November. On Dec. 22, the news that it was live could be found on the top of a Facebook Help Center page entitled “What is our action plan against foreign interference?”
Quartz was unable to find any other promotion or integration of the tool on Facebook’s platform. A company spokesman told The Guardian that Facebook “will make a important effort to alert people to the tool,” offering no additional details.
FB has the current ratio of 13.40 for the most latest quarter. As concerns shares volumes, in share Capital Company has 2909.91 million outstanding shares among them 2343.17 million shares have been floated in market exchange. The firm’s institutional ownership remained 73.00% while insider ownership included 1.74%.