Qualcomm CEO Mollenkopf Says Smartphone Growth in Infancy
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When Steve Mollenkopf moved to San Diego in 1994 to join Qualcomm Inc., he and his wife put off buying a house while they waited to see if the then-fledgling company would make it.
Mollenkopf ultimately concluded that Qualcomm’s prospects warranted a home purchase. As the company’s new chief executive officer, effective today, the 45-year-old has moved on to new concerns. Topping the list: Keeping the biggest provider of mobile-phone chips from getting complacent and trying to give consumers new reasons to upgrade, even as revenue growth slows after achieving a 90 percent market share.