Sounds like we may have a couple of things in common, Tom...
Catch the Biz Week story on Japan's DoCoMo last week? 27M subscriber cell phone company with a $335B market cap...in dollars it shot from $13K to $35K per share since June 99. The growth projections are the staggering part. They sell a service called "i-mode", which provides continuous wireless Net stream without the need for dial-ups. They're projecting i-mode's subscriber base equal to AOL next year. All this with non-CDMA protocols, setting the stage for some serious head-butting down the road. They claim 2 meg speed within 3 years (read: TV, music)...the company is poised for a "leadership role when the mobile Net goes global". A spinoff from the former Japanese telephone monopoly (sound familiar?). Heady stuff.
With the image of the aforementioned gorilla in place, consider that this sector, known to us here mostly through QCOM NOK MOT, is where colossal money will be made globally, particularly Pacific Rim/China, in the next few years. Not a newsflash, I know, but I would consider weighting heavily in the companies investing in the tapping of this unstoppable global market. If I were betting long term, I'd be looking hard at including companies such as CMGI that are actively establishing multiple footholds in Asia, China, Latin America (see PCNTF etc.)...preparing to cash in on the burgeoning global wireless market.
I hope the triumvirate includes at least one incubator, maybe CMGI, which is recently looking more like the bargain...sidebar: has anyone noticed David Wetherall becoming the latest prolific poster over on Raging Bull?(alias "dwether").
Just more loosely connected ramblings. |
