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Wednesday, Jan 30
Qualcomm (QCOM) discloses on its FQ1 call CFO William Keitel is retiring, effecting March 11....
Qualcomm (QCOM) discloses on its FQ1 call CFO William Keitel is retiring, effective March 11. He's being replaced by Applied Materials (AMAT) CFO George Davis. AMAT says it's looking for a successor. QCOM +6.7% AH thanks to an FQ1 beat fueled by stronger-than-expected baseband chip and (royalty-bearing) 3G/4G device sales, and solid FQ2/FY13 guidance. In its slide deck (.pdf), Qualcomm notes 2012 device sales beat prior guidance in all regions except North America. Cash/equivalents stand at $28.4B ($18.3B offshore).