August 04, 2008: 09:42 AM EST

NEW YORK (Associated Press) - Qualcomm Inc. on Monday said it had elected Stephen Bennett, the former chief executive of Intuit Inc., to its board.
Bennett stepped down as CEO of the software maker in December. Before Intuit, he was at GE Capital, the financing arm of General Electric Corp.
Bennett is also on the board of Intuit and Sun Microsystems Inc.
San Diego-based Qualcomm develops wireless technology and designs chips for cell phones. Qualcomm shares fell $1.18, or 2.1 percent, to $54.29 in morning trading.