Why Qualcomm Named Mollenkopf CEO

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Dec. 13 (Bloomberg) -- Bloomberg's Scarlet Fu, Stephanie Ruhle and Tom Keene highlight the news you need to follow for today's trading on Bloomberg Television's "Bloomberg Surveillance."

Lenkopf is moving upstairs to be the ceo of qualcomm.

This is effective march 4. microsoft was eyeing him as a potential successor to steve ballmer as ceo of microsoft.

This is a major prodigious technical chops.

He spent two decades of qualcomm.

He joined as an engineer in 1994 and became head of cute tc.

That is why microsoft had looked at him as a possible contender.

He is part of the industry that microsoft cannot crack right now.

We do not have reporting on this but the debord go to him and they can to stay what did he go to them with an ultimatum?

You have to wonder him.

It is an interesting conundrum.

All of this not an embarrassment to microsoft but it stirs the pot.

His boss who is 52 years old -- he is qualcomm.

Use the sons of a qualcomm founder.

He becomes executive chair.

Here it is.

He will remain executive chairman.

He makes room for steve mollenk opf.

You're talking about apples and oranges in types of people would run a company.

If he is not in the running, i'm not sure that alan mullally would be there next take.

They have different skill sets.

He doesn't have the tech background.

He was very successful at going, but does he come into microsoft and change the company at a time when it is in need of a major transition?

This goes right over to richard clara doesida's world.

There's no substitute for technical degrees in technical know-how and any place in the corporate world.

One would think in a tech company i think the real challenge for these companies as an observer not an expert is the saying that there is no second act.

The ones are successful did something really well the first time.

It is direct company that can actually do that to her three times, right?

Apple is an example of that and google.

As of exceptions.

The norm is one big idea to market share and then you lose it.

Is going to be fascinating to see.

This is a stunning announcement here if you're just joining us worldwide, qualcomm blinks.

This text has been automatically generated. It may not be 100% accurate.

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