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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 174.55-0.1%12:37 PM EST
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To: Cooters who wrote (103463)8/30/2001 6:04:37 PM
From: S100  Read Replies (2) of 152472
 
Seven page special report in the IBD yesterday on Investment tools. Mostly about using Palms and cell phones with a little on the Blackberry. Covered several brokerage firms supporting the use of these devices. I have not had time to look it over yet but here is a snip from one article.

snip
Television ads show investors with handheld devices buying and selling stocks while sitting on park benches or standing in doughnut shops.
Those images make the activity look common. But it's not. Trading stocks from cell phones and pocket-sized computers is still for just a few well-heeled early adopters.
Fidelity Investments is one of the most successful firms in getting customers to use wireless devices to check portfolios and make trades. But the Boston-based company has convinced less than 1% of its retail customers to try its wireless service.
Fidelity has sighed up over 100,000 people for the wireless service. But most of them use it to check things like stock prices and account balances, not to make trades.
It is the quality of the investors, not the quantity- that brokerages want for their wireless services. They want their most active traders to use the devices. Those are people who trade 30 or more times a year and make up less than 2% of the total retail investing population.
Brokerages began offering wireless trading to keep their best customers happy, says Kenneth Clemmer, an analyst with Forrester Research Inc.
Some, including Charles Schwab Corp., even gave the devices away to their top clients.

snip
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