QUALCOMM, Inc. (NASDAQ:QCOM) Added Former Hewlett-Packard Company (NYSE:HPQ) and Apple’s Executive as Its New Chairman

AMD Intel Nvidia QcomQUALCOMM, Inc. (NASDAQ:QCOM) has added a Hewlett-Packard Company (NYSE:HPQ)’s former mobile chief to its board as a new director. He worked at Apple’s iPod division and also served as senior vice president of hardware engineering at the Cupertino, Calif.

Mr. Rubinstein is having experience in the computing, mobile and consumer electronics industries for more than 30 years, the chipmaker said.

Most recently he continued at HPQ, leading product innovation for the personal systems group after the company largely cut down Palm’s operations.

He joined the company as an executive chairman in 2007 and further on took the role of CEO from June 2009 until it was bought by HPQ in 2010.

QUALCOMM, Inc move to pick Rubinstein will definitely help the chip maker in a broader sense for its future strategy and the company can take advantage of his experience at a handset vendor like Apple and HPQ.

QUALCOMM, Inc. (NASDAQ:QCOM) in current session advances 0.36% and currently trading at $64.21 with the average volume of 13.74 million shares.

The stock price saw week’s volatility of 1.13% and month’s volatility is 1.57%, while the stock price of the company is moving up from its 20 days moving average with 0.06% and isolated negatively from 50 days moving average with -1.65%.

Looking at Analytic Ratios; the price to sales ratio of QCOM in past twelve months was calculated as 5.11 and price to cash ratio as 8.19. Company return on equity ratio is recorded as 17.93% and its return on assets is 13.94%, and return on investment is 15.79%.

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