Nice mention of RFMD in this:
Subject:
You have been added to The Bull Market Wireless Investor
Date:
5 Jan 2000 04:28:12 -0000
From:
"The Bull Market Wireless Investor" <wireless.investor-owner@listbot.com>
To:
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THE BULL MARKET WIRELESS INVESTOR, Tuesday, January 4, 2000
Volume 2, #1
MARKET INDICES FROM AROUND THE WORLD
TUESDAY, January 4, 2000
INDEX PRICE CHANGE DAILY% WTD% MTD% YTD%
UNITED STATES MARKETS
DOW JONES 10998 -360 -3.2 -4.3 -4 -4
THE NASDAQ 3902 -229 -5.6 -4.1 -4 -4
THE S&P 500 1399 -56 -3.8 -4.8 -5 -5
RUSSELL 2000 478 -18 -3.6 -5.1 -5 -5
G. SACHS INTERNET 726 -52 -6.7 1.9 2 2
30 YR T-BONDS 6.53%, down 7 basis points +7bp +7bp +7bp
EUROPEAN MARKETS
UK FT-SE 100 6666 -264 -3.8 -3.8 -4 -4
FRANCE CAC 40 5672 -245 -4.2 -4.8 -5 -5
GERMANY DAX 6587 -164 -2.4 -5.3 -5 -5
ASIAN MARKET
JAPAN NIKKEI 225 19003 0 0.0 0.4 0 0
HONG KONG HANG SENG 17073 0 0.0 0.7 1 1
AMERICAS MARKETS
BRAZIL BOVESPA 15851 -1079 -6.4 -7.3 -7 -7
CANADA TSE 300 8203 -211 -2.5 -2.5 -3 -3
MEXICO BOLSA 6675 -402 -5.7 -6.4 -6 -6
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=================================================
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COMMENTARY
Welcome to the first The Bull Market Wireless Investor for 2000. Now that
the Y2K non-event is over, we're not going to bore you with more top 10
lists and rehashes of last year's events. With all of the information
overload hitting everyone at this time of year, we decided to take a
simpler approach here at The Bull Market Wireless Investor. We are going
to give a brief overview of each stock in our Wireless Investor Portfolio
and will delve into the component parts of the wireless industry over the
next few weeks. We are not making any changes in our Wireless Investor
Portfolio at this time as we are very bullish on the year 2000 prospects
of all our companies.
In the handset market, look for market leader Nokia (NOK, $173, down 14)
to continue to ramp up its Dell-like (DELL, $47, down 4) production
abilities to meet the tidal wave of demand. The handset market should
consolidate over the next year into five to seven players with Nokia
increasing its market share. This is must-own stock that should continue
to perform exceptionally well for years.
In the satellite sector, Globalstar (GSTRF, $48, up 1) has launched its
working constellation of satellites and its stock price has finally
followed suit, rocketing from the low 20's in December to the high 40's
today. The Company's Code Division Multiple Access (CDMA) based
constellation of Low Earth Orbiting satellites has recently received
approval in the U.S. and is all set for a global rollout in 2000. With an
addressable market consisting of those individuals wanting mobile access
beyond cellular coverage and the billions of people who have never made a
telephone call, when Globalstar subscriber numbers start coming in as we
expect, Globalstar's stock price will continue to soar in 2000.
In the component space, RF Micro Devices (RFMD, $76, down 2) is well
positioned as a pure play on the explosion in wireless handheld devices as
it sells chips to Nokia, Qualcomm, and Samsung among others. It is a
growing gorilla in a difficult to penetrate sector and should be a major
beneficiary of the wireless trend. While not a pure component play,
Qualcomm (QCOM, $162, down 17) is transforming itself into the wireless
industry's most innovative research lab. Despite its astounding 1999
performance, this stock still has a long way to go as market penetration
levels of Qualcomm's Code Division Multiple Access (CDMA) wireless
technology increase. While admittedly pricey at current levels, don't bet
against Qualcomm's ambitious plans in 2000 to increase worldwide CDMA
market penetration and to get its chips in every personal computer as the
wireless modem of choice.
In wireless software, look for Phone.com (PHCM, $126, up 5) to continue
its dominance in the wireless browser space as its software is becoming a
de facto industry standard. With a better business plan than Netscape
ever had in the personal computer space, Phone.com could be on the verge
of becoming a new software superstar over the next decade. Aether (AETH,
$93, up 6) should be able to capitalize on the need for Wireless
Application Protocol devices as a one-stop provider of wireless software
and services, including the only company currently with a wireless data
solution to support the booming Linux operating system.
With service providers, look for Nextlink (NXLK, $76, down 7) and Winstar
(WCII, $68, down 5) to garner increased attention during 2000 as the
market quickly turns to single source vendors of local, long distance, and
Internet data services. With market research firm IDC forecasting that
the U.S. market for services delivered via fixed wireless technologies
will skyrocket from $770 million in 1999 to $7.4 billion by 2003, we
believe that both Nextlink and Winstar have very bright futures. Vodafone
(VOD, $47, down 2), and Sprint PCS (PCS, $99, down 1.5) should also
continue to grow their user bases and complete their infrastructure
build-outs. While the stock rises of both companies may be temporarily
halted due to uncertainties concerning mergers, look for both of these
dominant companies to soon get back on track to a strong performance over
the next year.
If your past year's stock returns were like our new year's celebration --
less than expected -- then join us here at The Bull Market Wireless
Investor as we plan on having many wireless celebrations in the new
millennium. |
