THE COMPANIES I LOVE
By Michael Makowsky
Contributing Editor
The Bull Market Report
2. Phone.com (PHCM, $118, down 3)
Phone.com has a sexy product line (Internet applications for wireless phones) that uses sexy core technology (their proprietary Phone OS), all aimed at becoming a dominant staple of what may be the sexiest sector up
for grabs (The Wireless Internet).
Phone.com is the company that, when it walks down Wall Street, every investor's head turns. This is the quintessential "waiting game" company.
Sure, the company is developing nicely and the product potential is staggering. And yes, they are a company that has been groomed from day one to be a gorilla. But, and this is a big but, you have to wait for the market to develop. You have to wait for the Wireless Internet to come to fruition. This is not a wait based solely on faith though. Wireless Internet infrastructure and market demand is growing quite nicely in Japan. Not to mention that just about everything wireless has been embraced in Europe. Both of these are positive signs for what the future
wireless market stands to evolve into in the United States.
So, like a distant love in a far away land, investors are waiting patiently, clutching their framed stock certificates from the company they love, knowing that the Wireless Internet will become a reality, and then their fidelity will be rewarded handsomely.
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