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Technology Stocks : Qualcomm Incorporated (QCOM) -- Ignore unavailable to you. Want to Upgrade?

To: Uncle Frank who wrote (38021)	8/15/1999 6:51:00 PM
From: Daiju Kohno	Read Replies (1) \| Respond to of 152472

Frank-san, I've been wondering why your Nihongo was so good. Now I know :) Despite the fact that most Japanese visitors to the US prefer life in Japan, I agree with your assessment that the US is the best country for immigrants to accumulate wealth. I myself was broke and living in my friend's parent's spare bedroom only two years ago! Now, at 25, I'm ready to retire. Even more impressive is my Uncle (in-law) Frank who escaped China by swimming to Hong Kong many years ago. With some borrowed money, he started a die-cast molds business in his garage. Now, he owns a small factory which pays him 6-figures annually. Sure, there may be immigrant success stories in every country, but I doubt that they occur as often as they do here. To make this post somewhat topical, the Bull Market Report distributed the following article. Despite its lengthiness, it does not mention Q. I take Q's conspicuous absence to be very positive for future stock appreciation. THE WIRELESS INVESTOR Surf's Up: Mobile Internet Wave's Fast Approaching No matter which set of tea leaves you read these days in wireless circles, the answer comes back the same: Combining mobile communications with the utility of the Internet has the makings of a classic killer application. A little known fact is that more people have wireless handsets today (400 million or so around the world) than surf the Web. Against this backdrop, handset manufacturers are understandably keen to build more functionality into their products. To underscore the potential that lies at the mobile Internet crossroads, we offer two recent market projections -- one short-term, the other longer-term -- from companies with their hands squarely on the pulse of the global wireless opportunity. Texas Instruments (TXN) is, by all accounts, the single largest supplier of digital signal-processing components used in wireless handsets. TI now estimates that 245 million digital units will be sold during 1999, up from the 230 million it was previously looking for. And Nokia (NOK), top dog in the global handset market (and extending its lead), has revised its estimate for when the number of mobile phone users worldwide will crack the 1 billion mark. The Finnish powerhouse now sees that day arriving in 2003, fully two years sooner than the forecast it was working against as recently as the end of 1998. Wireless network operators and equipment vendors are agreed that a growing proportion of these handsets will boast Internet access. That wireless customers want that added functionality is manifested at the moment in the growing volumes of handset sales that represent users trading up to more sophisticated models. Any hesitancy about using handsets for more than voice communications is quickly being wiped away by the necessity of being able to remotely tap into e-mail, corporate intranets and the Web itself. The well-received announcement from Sprint PCS (PCS) last week that it will have Internet-enabled phones available beginning early in the third quarter cannot help but speed the trend toward data-ready handsets. Also recognizing this, Nextel Communications (NXTL) -- another Bull-Market.com favorite - has established a dedicated Web portal through which customers will be able to send and receive data traffic. One reason I do not subscribe to the Bull Market Report is that they blew it on RNWK after it took a little hit. They dropped the stock from their list, and had I followed their advice, I would have missed out on a 400%+ appreciation over the past year. (They said they would reconsider RNWK when it recovered from its recent loss, but they never mentioned it again -at least not 'til this weekend) In the article, they go on to recommend MOT, NOK, ERICY, etc.. I guess their failure to appreciate Q is a similar oversight to their failure in RNWK. That and their obvious ignorance of the Gorilla Game - evident by how they throw around the term "gorilla" at stocks like AOL - have encouraged me remain self-reliant, with the exception of SI, in my investment decisions.