I have been telling intelligent and well-informed friends that by the year 2005-2007, to expect Qualcomm to be the largest market cap stock in the world, over $1 trillion in value
I expect QCOM to possibly surpass Intel this year
I expect QCOM to possibly surpass Cisco next year
my reasoning is not all that complex
Voltaire may have dismissed the notion that QCOM was another 20-bagger this year alone
I believe it has 10 more bags in its future at least
here is why it will be so big:
we are all aware of the extreme benefits of convergence of telephone, computer, and television... wireless is (not possibly, but certainly) the central technological vehicle for delivering such convergent technologies... in homes it is cable tech, but when mobility is desired look to wireless... we easily imagine the internet and email on handheld PC's or laptop PC's with wireless modems... that is simple now to imagine, but wasnt not last year
now fast forward and imagine watching a segment of a rented movie on a DVD laptop PC on a camping trip in Acadia Natl Park in Maine... this will be possible in two years with what I hear about wireless modems... with AOL and Time Warner merging, we are closer than you think... extreme bandwidth will be required... HDR might deliver 3 megabit speeds by then easy
I conclude to friends that Qualcomm sits at the apex of the technological food chain... that computerdom and telephony support this higher order position... now we are in a shift from computerdom to telecomm for dominance and importance... QCOM execs are now scolding MSFT execs on a monthly basis for their buggy, bloated WindowsCE late to boot... that is a sign of changing dominance... wireless is the most difficult stunt to pull off... I tell friends about 1.5 megabit speeds being demonstrated in November, which is 20 times what they achieve out of their phone wall... this is tough stuff and QCOM holds the patents
Microsoft will fade in its dominance, as it broadens it hegemony and wealth and sick control... as MSFT broadens, QCOM will strengthen and fill the void... Intel will witness renewed dominance, not that it lost all that much anyway... Cisco will fall on its face next year sometime, when optic developments humble the once great Cisco... all three of these giants will be supporting the new alpha gorilla, like MEMBERS OF THE NEW KING'S COURT
excellent point about Intel having zero ambiguity and QCOM having tons of ambiguity
during times of stress, turn to clarity and minimal ambiguity
I listened to a bright guy on CNN a few nights ago
the guy said the Qualcomm has sold its handset divsion and now is "searching to find itself"
another tidbit while my brain is spinning and my fingies are flowing... a bright guy on CNN last night named Wymowitz or something close made a great point concerning the Federal Reserve... he said if Fed is attempting to harness the growth in stock valuations by raising interest rates, they are likely to cause a "bifurcation between heavy tech growth companies and the rest of the stock market"... translation: raising rates will lead to lowering the PEratios for the rank&file stocks... it will lead investors into abandoning the common Gillettes and Cokes in favor of true heavy growth stocks (e.g. QCOM, JDSU)... the big growth stocks are more immune to rates, unaffected by mere 10 basispt changes as they change face of the world... the result is that mundane stocks are sold, favored momentum stocks are loaded into
makes great sense... I have consistently maintained that attempts to control the markets by the Federal Reserve and other govt forces is the greatest danger to the stock market... laissez faire is optimal... translated: leave it the hell alone
I wear myself out
Volt, until you attend typing school, you wont be abe to type something this long in under two hours
/ Jim |
