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Technology Stocks : LAST MILE TECHNOLOGIES - Let's Discuss Them Here
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To: MikeM54321 who wrote (10674)3/12/2001 11:13:50 AM
From: Maurice Winn  Read Replies (2) of 12823
 
Mike, Slacker answered your question well. Also, those other companies bought licences from QUALCOMM and compete with each other to sell CDMA, which is going to take over all wireless communications. QUALCOMM gets about 5% royalty in what is one of the world's great monopolies - the monopoly over talking on mobile phones.

Check out the growth rate of QUALCOMM and my guess is that two years from now, the trailing earnings will be making the current share price look very cheap.

In a recession, people will go right on using cellphones and will buy and use them even more as they try to earn money instead of flopping around a beach somewhere without having to earn money and no need to talk on a cellphone all the time.

Mqurice
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