Q

Qualcomm

Designs mobile chips and licenses wireless patents

IT Program Manager - Multiple Teams

Full-Time
$169.2k - $253.8k+ Annual discretionary bonus + Annual RSU grants
Senior, Expert
Bachelor's, Master's
San Diego, CA, USA
In PersonOffice-based position; must comply with the company's onsite work policy.
IT OperationsIT Project Management
No H1B Sponsorship

About the job

Requirements
  • A bachelor's degree in Information Technology, Information Systems, Computer Science, Data Science, Engineering, Business, or a related field.
  • At least 8 years of program or project management experience, including leadership of large, complex, global technology or business transformation programs.
  • Demonstrated experience leading a significant enterprise data platform, data modernization, analytics, cloud, or related transformation through multiple lifecycle phases.
  • Program leadership experience with modern cloud data platforms and technologies such as Databricks, data lakehouse architectures, cloud data services, data integration, data engineering, data warehousing, business intelligence, or analytics platforms.
  • Experience coordinating work across data platform, architecture, engineering, governance, security, analytics, integration, testing, deployment, operations, and organizational change teams.
  • Strong understanding of enterprise data-management disciplines, including data architecture, data modeling, ingestion and transformation, data products, data quality, metadata, lineage, governance, security, master or primary data, semantic layers, and lifecycle management.
  • Experience integrating data from major enterprise applications such as CRM, HCM, ERP, PLM, finance, supply chain, customer, product, engineering, or other systems of record.
  • Experience leading data migration and modernization efforts involving legacy data warehouses, data pipelines, reports, dashboards, analytical workloads, or related data assets.
  • Experience managing multi-million-dollar budgets, business cases, systems integrators, software vendors, contracts, statements of work, and geographically distributed teams.
  • Ability to communicate with and influence executives, business data owners, product owners, architects, engineers, analysts, data scientists, security teams, finance partners, and external providers in a matrixed environment.
  • Proven ability to create structure in ambiguity, manage complex dependencies, drive difficult decisions, and deliver measurable business and technology outcomes.
Responsibilities
  • Lead the full lifecycle of a large, global, cross-functional enterprise data transformation from strategy and business case through platform development, data onboarding, migration, solution delivery, deployment, adoption, operationalization, and value realization.
  • Build and maintain an integrated, outcome-based transformation roadmap and plan of record covering EDH platform evolution, Databricks capabilities, data architecture, data engineering, data products, integrations, governance, security, analytics, migration, legacy retirement, organizational change, and operational readiness.
  • Establish the program governance model, decision rights, workstream structure, delivery methodology, and executive reporting cadence; facilitate steering committee, program leadership, architecture, data governance, dependency, risk, and decision forums.
  • Partner with executive sponsors, business data owners, product owners, enterprise architects, and IT leaders across finance, sales, supply chain, manufacturing, human resources, product development, engineering, commercial operations, security, infrastructure, analytics, and other functions to define the transformation vision, scope, business outcomes, delivery priorities, and accountabilities.
  • Direct the development and evolution of EDH as the enterprise platform for governed data products, business intelligence, self-service analytics, enterprise applications, data sharing, and advanced analytical capabilities.
  • Coordinate Databricks platform strategy and implementation, including lakehouse and medallion architecture, scalable ingestion and transformation pipelines, batch and streaming patterns, data sharing, workspace and environment strategy, observability, performance, cost management, release management, and platform operations.
  • Drive enterprise data architecture and design decisions involving common data models, primary and master data, metadata, semantic layers, lineage, data contracts, retention, lifecycle management, interoperability, and secure access.
  • Ensure data governance is embedded throughout the transformation, including data ownership and stewardship, quality and certification, cataloging, lineage, privacy, security, regulatory compliance, retention, and auditable controls.
  • Maintain an end-to-end view of critical enterprise data flows, including data origination, transformation, enrichment, distribution, consumption, and control points across systems.
  • Lead data discovery and intake processes that translate business needs, pain points, analytical requirements, and strategic priorities into defined data products, use cases, and platform capabilities.
  • Establish data classification and certification practices, including heightened quality, security, reconciliation, and approval requirements for critical, regulated, financial-reporting, and executive-decision datasets.
  • Partner with architecture and engineering leaders to establish reference architectures, reusable patterns, engineering standards, and platform guardrails that improve scalability, interoperability, reliability, security, and delivery speed.
  • Promote DataOps and software-engineering practices across the platform, including version control, CI/CD, automated data testing, environment promotion, deployment controls, documentation, and production observability.
  • Define and monitor service-level objectives and operational measures for platform availability, pipeline reliability, data freshness, processing performance, incident response, recovery, and stakeholder support.
  • Coordinate data and integration requirements across enterprise solutions such as CRM, HCM, ERP, PLM, finance, supply chain, customer, product, engineering, and related systems of record, ensuring alignment on data ownership, models, interfaces, timing, controls, and downstream consumption.
  • Lead the migration of data assets, pipelines, reports, dashboards, and analytical workloads from legacy data warehouses and platforms to EDH, including dependency analysis, sequencing, mapping, reconciliation, parity validation, business transition, retirement planning, and realization of operating-cost reductions.
  • Lead the strategy and execution of enterprise business intelligence rationalization, including assessment of existing reports, dashboards, data extracts, analytical applications, and tools; establish criteria for retention, consolidation, redesign, migration, certification, and retirement; and partner with business owners to simplify the analytics landscape, improve trust and usability, reduce duplication and cost, and increase adoption of governed enterprise data products and standard BI capabilities.
  • Drive the development and adoption of reusable, domain-aligned data products that provide trusted business definitions, certified metrics, consistent dimensions, appropriate controls, and secure consumption across reporting, analytics, applications, and other enterprise use cases.
  • Partner with business and technology leaders to establish data-domain ownership, product-management practices, delivery priorities, service expectations, and measurable outcomes for enterprise data products.
  • Manage interdependencies across platform, domain, governance, analytics, integration, security, infrastructure, and enterprise-application workstreams and own consolidated scope, schedule, budget, resources, quality, risks, issues, assumptions, dependencies, milestones, changes, decisions, and actions.
  • Direct integrated data and solution readiness, including source-to-target mapping, data profiling, cleansing, reconciliation, data quality thresholds, lineage, access controls, testing, performance validation, business acceptance, deployment, cutover, stabilization, and operational handoff.
  • Establish consistent delivery practices for enterprise data initiatives, including intake, prioritization, estimation, planning, dependency management, architecture review, release management, status reporting, escalation, and benefits tracking.
  • Integrate stakeholder engagement, communications, data literacy, role-based training, organizational readiness, adoption, and sustained changes in business and technology practices into the transformation plan.
  • Establish an enablement model for data engineers, analysts, data scientists, data stewards, product owners, power users, and business consumers, including reusable patterns, communities of practice, training, office hours, documentation, and adoption support.
  • Lead the transition to a sustainable data-product and platform operating model with clear ownership, governance, service management, support processes, financial management, performance measures, and continuous-improvement mechanisms.
  • Direct systems integrators, software providers, consultants, and other partners; coordinate workforce planning and review statements of work, staffing models, estimates, deliverables, acceptance criteria, commercial commitments, invoices, performance, and change requests.
  • Establish the benefits-realization framework by defining financial and non-financial baselines, target outcomes, measures, timing, and accountable business owners; monitor value throughout delivery and ensure ongoing tracking of adoption, data quality, data trust, platform usage, delivery speed, legacy retirement, productivity, and business impact.
  • Anticipate cross-workstream risks and resource constraints, escalate decision needs early, drive mitigation and recovery plans, and provide concise, fact-based executive communications on program health, options, tradeoffs, financial outlook, adoption, and business outcomes.
  • Apply lessons learned and leading practices from prior data, cloud, analytics, and enterprise-application transformations, operating with substantial independence, executive presence, sound judgment, and the ability to influence outcomes without direct authority.
Desired Qualifications
  • At least 10 years of program management experience, including leadership of a multi-year, global enterprise data, analytics, cloud, or related transformation.
  • Hands-on program leadership experience developing or scaling an enterprise data hub, data lakehouse, data mesh, data-product ecosystem, or cloud data platform.
  • Experience with Databricks capabilities such as Delta Lake, Unity Catalog, Lakeflow, Databricks SQL, MLflow, AI/BI, or related data engineering, governance, analytics, and platform services.
  • Experience with public-cloud data services and architecture on AWS, Microsoft Azure, or Google Cloud Platform.
  • Experience implementing medallion architecture, reusable data products, semantic layers, business metrics, common data models, metadata management, data marketplaces, knowledge graphs, or governed self-service capabilities.
  • Experience establishing federated or hybrid data governance, including ownership, stewardship, certification, quality, lineage, access, privacy, security, and lifecycle policies.
  • Experience integrating data from CRM, HCM, ERP, PLM, supply chain, finance, customer, product, or engineering platforms such as Salesforce, Workday, Oracle, SAP, Siemens Teamcenter, or comparable enterprise solutions.
  • Experience modernizing or retiring legacy data warehouses, ETL platforms, business intelligence tools, dashboards, reports, and data pipelines while maintaining business continuity and stakeholder trust.
  • Technical fluency sufficient to evaluate data architecture, integration, engineering, security, performance, and operating-model tradeoffs with senior architects and engineers; working knowledge of SQL, Python, or comparable data-analysis techniques is beneficial.
  • Experience developing or enabling AI and machine-learning solutions that depend on governed enterprise data, including generative AI, retrieval-augmented generation, conversational analytics, intelligent agents, model operations, or intelligent automation.
  • Working knowledge of AI-ready data practices, including data quality, metadata, lineage, semantic context, security, privacy, responsible use, model and agent governance, and monitoring.
  • Demonstrated ability to identify valuable AI-enabled opportunities, partner with AI platform and solution teams, and translate business needs into scalable data and technology capabilities.
  • Experience in the semiconductor, high-technology, electronics, manufacturing, or similarly complex global industry.
  • Experience establishing transformation governance and presenting recommendations, architecture choices, tradeoffs, program health, and value realization to senior executives and steering committees.
  • Demonstrated organizational change management, adoption, data literacy, and business enablement experience for large-scale data and technology change.
  • PMP, PgMP, Databricks, cloud, data management, Prosci, SAFe, Scrum, or related certification.
  • A master's degree in Business Administration, Information Systems, Computer Science, Data Science, Engineering, or a related field.

About the company

Qualcomm designs the Snapdragon processors and modems inside many Android phones, and it licenses its wireless patents to device makers around the world. It helped commercialize CDMA, the cellular technology behind 3G networks, and its patents cover core parts of the 4G and 5G standards that phones use to connect. The company does not run its own chip factories; contract foundries make its chips, which it sells to makers of phones, PCs, cars, and connected devices. Device makers also pay Qualcomm royalties for using its patented technology, which forms a second business alongside chip sales. Qualcomm was founded in 1985 and is based in San Diego, California.

Company Size

10,001+

Company Stage

IPO

Headquarters

San Diego, California

Founded

1985

Get referred to Qualcomm

See people who can refer or advise you

Simplify Jobs

Simplify's Take

What believers are saying

  • Cars are a second engine: automotive chip revenue rose 61% to $1.59 billion in the June 2026 quarter.
  • Pays for learning: Qualcomm funds tuition assistance and apprenticeships and sells staff discounted shares through a stock purchase plan.
  • Profits support stability: Qualcomm earned $2.21 non-GAAP per share in the June 2026 quarter despite a 4% sales dip.

What critics are saying

  • Apple is walking away: Qualcomm expects Apple revenue to fall about 50% from the September to December 2026 quarter.
  • Data-center deals start thin: in July 2026, management said custom chips will cut chip gross margin 1.5 to 2 points.
  • Cuts keep trickling: Qualcomm filed WARN notices in April 2026 covering 144 layoffs, including 68 in San Diego.

What makes Qualcomm unique

  • Phones are only part of it: handsets were $5.09 billion of $8.50 billion chip revenue in fiscal Q3 2026.
  • Cloud giants buy its custom chips: two hyperscaler design wins start producing revenue in the December 2026 quarter.
  • It owns an AI software layer: Qualcomm completed its Modular acquisition in July 2026 for open generative AI software.

Help us improve and share your feedback! Did you find this helpful?

Benefits

  • Premium-free health coverage
  • Onsite health & fitness centers
  • Retirement programs
  • Disability & life insurance programs
  • Tuition reimbursement
  • Product discounts
  • Flexible time off
  • Parental leave

Growth & Insights and Company News

Headcount

6 month growth

3%

1 year growth

1%

2 year growth

0%
Helpful Info For You
Oct 16th, 2026
Qualcomm and Amazon collaborate on next-gen AI data center tech.

Qualcomm and Amazon collaborate on next-gen AI data center tech. Discover more Try New Games Table of Contents Discover more video games Try AR Glasses Introduction. Qualcomm and Amazon have teamed up in a partnership that's catching a lot of attention in the tech world. This collaboration is all about creating new technology to help artificial intelligence (AI) run faster and smarter in data centers. It's a big deal because AI is becoming a huge part of how companies operate, and making AI work better means faster decisions, smarter services, and new possibilities. The news about this collaboration comes from a recent Qualcomm announcement, showing how these two giants are joining forces to shape the future of AI data centers. Multi-Generation collaboration. When Helpful Info For You talk about a multi-generational partnership, Helpful Info For You mean a teamwork that spans years, even decades. Qualcomm and Amazon are committing to work together over many years, developing new AI hardware continuously. This isn't a one-time deal; it's a steady, step-by-step journey to improve technology. Think of it like building a skyscraper - they're laying the foundation now and planning to add more floors as technology evolves. The goal is to create AI hardware that fits perfectly with Amazon's data centers, making sure the AI systems keep getting better and better through each generation. Customized silicon solutions. You might wonder, what are customized silicon chips? Simply put, they are special computer parts designed just for Amazon's needs. Unlike regular chips you find in your laptop or phone, these silicon chips are made to supercharge AI tasks inside Amazon's data centers. By tailoring the chips specifically for Amazon's AI, Qualcomm helps ensure everything runs smoothly, faster, and more efficiently. This is important because AI requires a lot of power to process huge amounts of data. Customized chips mean less wasted energy and better performance on tough AI challenges that regular chips might struggle with. Advanced optical connectivity and AI infrastructure. Another key part of this partnership is advanced optical connectivity. This sounds technical, but it's basically about making super-fast, high-quality connections inside data centers. Imagine data centers as busy highways for information - optical connectivity builds smoother, faster roads so data can travel with minimal delay. Fast connections help AI systems get the information they need quickly, which is vital for all kinds of AI projects, from voice assistants to image recognition. Improving these connections means Amazon's AI infrastructure becomes more reliable and capable of handling even bigger AI workloads without running into bottlenecks. Conclusion. In summary, the partnership between Qualcomm and Amazon is a powerful step forward for AI technology. They're working together over many years, building custom silicon chips and improving the way data moves inside Amazon's data centers. This teamwork not only boosts how AI performs today but also lays the groundwork for future advancements that could transform how AI services operate. As AI continues to grow in importance, collaborations like this one are shaping the next generation of technology, making AI faster, smarter, and more efficient than ever before. The future of AI data centers is looking brighter, with Qualcomm and Amazon leading the way. Learn AI Tools Discover more Preorder Games Last updated on October 16, 2026

Daily Political
Oct 16th, 2026
ARM (NASDAQ:ARM) shares down 6.9% - time to sell?

ARM (NASDAQ:ARM) shares down 6.9% - time to sell? Arm Holdings PLC Sponsored ADR (NASDAQ:ARM - Get Free Report) shares dropped 6.9% on Friday. The company traded as low as $226.65 and last traded at $227.80. Approximately 4,738,811 shares traded hands during mid-day trading, a decline of 38% from the average daily volume of 7,595,997 shares. The stock had previously closed at $244.79. Key ARM news. Here are the key news stories impacting ARM this week: * Arm's annualized contract value increased 13% to $1.73 billion, indicating continued licensing momentum ahead of its fiscal second-quarter results. This provides evidence that demand for Arm's chip architecture remains healthy. * Microsoft is adding native Python support to Windows on Arm PCs, potentially improving software compatibility and adoption of Arm-based computers beyond smartphones. * A Delaware jury found that Qualcomm breached Arm's licensing agreement but awarded Qualcomm only $2 in damages. The limited verdict leaves the broader dispute unresolved, with another court proceeding or trial likely regarding Qualcomm's use of Arm technology in custom chips. * The Qualcomm litigation is adding uncertainty to Arm's licensing relationships and helped intensify selling across chip stocks, including Arm, AMD and Taiwan Semiconductor. * Investors are also questioning ARM's valuation after its more-than-120% year-to-date advance. With a very high earnings multiple, the stock is vulnerable to profit-taking and disappointing guidance even as Arm expands into AI data centers. Analyst ratings changes. A number of analysts have commented on ARM shares. UBS Group reduced their price objective on shares of ARM from $360.00 to $320.00 and set a "buy" rating for the company in a research note on Thursday, July 30th. Morgan Stanley lifted their target price on shares of ARM from $202.00 to $212.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 30th. Wells Fargo & Company cut their price target on shares of ARM from $350.00 to $280.00 and set an "overweight" rating on the stock in a report on Thursday, July 30th. Weiss Ratings restated a "hold (c)" rating on shares of ARM in a report on Thursday. Finally, HSBC downgraded shares of ARM from a "buy" rating to a "hold" rating and upped their price target for the company from $255.00 to $315.00 in a research report on Tuesday, July 14th. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $303.32. ARM price performance. The firm has a market cap of $243.31 billion, a PE ratio of 234.85, a P/E/G ratio of 7.06 and a beta of 3.78. The business has a fifty day moving average price of $268.36 and a two-hundred day moving average price of $269.61. ARM (NASDAQ:ARM - Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.05. The firm had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.26 billion. ARM had a return on equity of 12.24% and a net margin of 20.25%. ARM's quarterly revenue was up 22.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.35 earnings per share. As a group, sell-side analysts forecast that Arm Holdings PLC Sponsored ADR will post 1.15 EPS for the current fiscal year. Insiders place their bets. In other news, CFO Jason Child sold 10,400 shares of the company's stock in a transaction dated Monday, September 21st. The stock was sold at an average price of $300.00, for a total value of $3,120,000.00. Following the transaction, the chief financial officer owned 153,442 shares in the company, valued at $46,032,600. This represents a 6.35% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Institutional trading of ARM. A number of hedge funds have recently made changes to their positions in the stock. Focus Financial Network Inc. raised its position in shares of ARM by 0.9% during the third quarter. Focus Financial Network Inc. now owns 4,686 shares of the company's stock worth $1,357,000 after purchasing an additional 40 shares during the period. GAMMA Investing LLC grew its position in shares of ARM by 18.7% in the 2nd quarter. GAMMA Investing LLC now owns 406 shares of the company's stock valued at $144,000 after purchasing an additional 64 shares during the period. Allworth Financial LP grew its position in shares of ARM by 2.9% in the 2nd quarter. Allworth Financial LP now owns 2,269 shares of the company's stock valued at $804,000 after purchasing an additional 65 shares during the period. MCF Advisors LLC increased its stake in ARM by 11.7% during the 2nd quarter. MCF Advisors LLC now owns 764 shares of the company's stock worth $271,000 after purchasing an additional 80 shares in the last quarter. Finally, AdvisorNet Financial Inc increased its stake in ARM by 5.4% during the 3rd quarter. AdvisorNet Financial Inc now owns 1,841 shares of the company's stock worth $533,000 after purchasing an additional 94 shares in the last quarter. 7.53% of the stock is owned by hedge funds and other institutional investors. About ARM. Arm Holdings plc (NASDAQ: ARM) is a semiconductor and software design company that develops intellectual property used to create energy-efficient computing products. Arm does not generally manufacture chips; instead, it licenses processor architectures, CPU cores, graphics technologies and related system IP to semiconductor companies and original equipment manufacturers, which incorporate them into their own products. The company's offerings include the Cortex family of CPUs for mobile, consumer, automotive and embedded applications; Neoverse platforms for cloud and data-center infrastructure; Mali graphics processing units; and Ethos neural processing units designed for artificial intelligence and machine-learning workloads. Further reading. Receive News & Ratings for ARM Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ARM and related companies with MarketBeat.com's FREE daily email newsletter.

Gizmochina
Oct 16th, 2026
Here's why the Galaxy S27 Ultra may entirely switch to a 2nm Exynos 2700 chip.

Here's why the Galaxy S27 Ultra may entirely switch to a 2nm Exynos 2700 chip. Oct 16, 2026 Discover more Phone reviews Tablet comparisons Laptop deals Add GIZMOCHINA as Preferred Source on Google The upcoming Galaxy S27 Ultra could see a significant change in its chipset strategy. The flagship phone is expected to use Qualcomm's next-generation Snapdragon processor, but reported overheating issues could complicate that plan. Samsung may turn to its own Exynos 2700 chip if the problems remain unresolved. Snapdragon overheating issues put Exynos 2700 in the picture. According to South Korea's Seoul Economic Daily, Samsung has encountered overheating and performance throttling issues while testing Qualcomm's Snapdragon 8 Elite Extreme Gen 6 for the Galaxy S27 Ultra. The processor reportedly exceeded temperature limits during sustained workloads, causing processing speeds to drop. Samsung is said to have asked Qualcomm to address the problems by mid-October, although both companies are continuing to work on improvements. If Qualcomm cannot meet Samsung's thermal stability and performance requirements, the company may consider its in-house Exynos 2700 as an alternative. The chip is being developed by Samsung's System LSI division and manufactured using Samsung Foundry's second-generation 2nm SF2P process. It is designed to improve computing performance and power efficiency compared with its predecessor. An Exynos-powered Galaxy S27 Ultra would represent a major comeback for Samsung's in-house processors in its premium smartphone range. The Galaxy S22 Ultra was the last Ultra model to offer an Exynos variant, with the Exynos 2200 appearing in European models in 2022. Samsung switched to Snapdragon processors across global markets for the Galaxy S23 Ultra and subsequent generations. Discover more Cell Phones However, a global Exynos-only strategy remains unconfirmed. An earlier report suggested that Samsung was considering Exynos 2700 versions for selected markets, including South Korea, while retaining Snapdragon variants in the US. The latest overheating report does not establish whether Samsung intends to adopt Exynos worldwide or maintain a regional split. The decision also has financial implications. Samsung's mobile AP purchasing costs reached 13.83 trillion won in 2025, according to Seoul Economic Daily. Greater use of Exynos could reduce reliance on external chip suppliers and improve utilisation of Samsung's advanced manufacturing facilities. For daily updates, please visit its News Section. More on this

Yahoo Finance
Oct 15th, 2026
Qualcomm unveils first AI-native Wi-Fi 8 gateway, targeting $40B non-handset revenue by 2029

Qualcomm and broadband partners have announced what they call the world's first AI native Wi-Fi 8 gateway for home networks. The device combines Wi-Fi 8 connectivity with on-device edge AI compute. It targets residential broadband providers that want to run agentic AI services in the home rather than rely only on cloud compute. The gateway turns the home broadband box into an on-site AI compute node instead of a simple router. The launch supports Qualcomm's push beyond handsets. The company has guided for non-handset chip revenue to reach $40 billion by fiscal 2029, driven by AI devices and IoT. gFiber plans a residential trial in spring 2027. Shipment volumes or contract counts from broadband providers will show whether the gateway becomes a material product line.

Yahoo Finance
Oct 15th, 2026
Intel vs Qualcomm: $44.3B revenue and $5.5B profit beat Intel's $52.9B sales and loss

A Motley Fool analysis compares Intel and Qualcomm as 2026 buys and leans towards Qualcomm, though the author would rather own the Vanguard S&P 500 ETF. Intel's fiscal 2025 revenue was nearly $52.9 billion, down about 0.5%, with a net loss of roughly $267 million. Free cash flow was negative at nearly $4.9 billion. The company is expanding its foundry business and has suspended its dividend. Qualcomm's revenue rose nearly 13.7% to about $44.3 billion, with net income of roughly $5.5 billion and free cash flow of nearly $12.8 billion. Its stock is cheaper and yields about 2%. Over 10 years, neither stock has matched the S&P 500.