September 19, 2012
Micron (NASDAQ: MU ) closed up nearly 3% today, making it the second biggest tech mover in the S&P 500. The bump can be attributed to the hiring of Mike Rayfield, former head of NVIDIA's (NASDAQ: NVDA ) mobile unit, to head up Micron's own wireless division.
Rayfield is a great talent acquisition for Micron, which will benefit from his excellent sales history and success at NVIDIA. Competing against quality companies such as Qualcomm (NASDAQ: QCOM ) and Texas Instruments is difficult to say the least, but under Rayfield, NVIDIA managed to steal quite a few wins from both tech giants.
Considering Rayfield will be able to leverage his experience in the industry to increase Micron's footprint, today's stock jump should come as no surprise.
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