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A year of resolution: Qualcomm CFO talks 5G, COVID-19 and digital transformation [The San Diego Union-Tribune]
Akash Palkhiwala has held several senior finance positions at Qualcomm during the past 19 years. That gives him an insider’s perspective of how the company maneuvered through a tumultuous three-year stretch where it fought off antitrust lawsuits, a hostile takeover attempt and the collapse of a major acquisition.
Now Qualcomm’s chief financial officer, Palkhiwala points to one move during that time that’s often overlooked in the San Diego company’s recent, 5G-led resurgence the decision to buy back $30 billion of its own stock at an average price of $65 per share after its proposed acquisition of NXP Semiconductors fell apart.
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