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Running Head: EXECUTIVE MEMO
To: All staff
From: The CEO
Date: 30th March 2020
Subject: COVID-19 impact on the company
As you are all aware, the world is facing a global pandemic that has affected every aspect of
life throughout the globe. Here at Qualcomm, the company has lost about one-third of our
global market value within the past two months. Our stock price has fallen from 109.5 billion
dollars on January 21st to about 75 billion dollars as of March 27th (Newman, 2020).
However, we still expect to benefit from the emergence of 5G throughout the world. With
Asian countries getting back online and being one of the biggest adopters of 5G, the
company’s licensing and chip businesses could experience growth as market activities
resume and 5G systems and gadget adoption start picking up. The utilization of mobile
gadgets won’t slow after this coronavirus pandemic. If anything, its usage will increase, and
the company will see its technologies and patents driving profits from the universally
increasing attachment to such gadgets.
Nonetheless, as the company deals with this pandemic, it is essential to remember th...
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