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Strategies & Market Trends : Gorilla and King Portfolio Candidates -- Ignore unavailable to you. Want to Upgrade?

To: gdichaz who wrote (26324)	6/14/2000 10:51:00 AM
From: Eric L	Respond to of 54805

Cha2, Re: Smart cards and CDMA - Subscriber Identy Module = (2G SIM) card & Removable User Identity Module = (3G R-UIM) card. << See from story below that GemPlus may actually be ahead of Schlumberger is smart cards for CDMA. At least the award has gone to GemPlus >> The important part about this announcement is that this potentially eliminates a long standing GSM advantage. i.e. portable subscription for Global Roaming. Note: CDMA SIM/R-UIM being discussed today in London at meeting of the GSM Global Roaming Forum hosted by Vodafone Airtouch: gsmworld.com Note also: CDMA SIM/R-UIM discussions to be held tomorrow at CDMA World Congress in Hong Kong: Message 13860839 Gemplus got there first but Schlumberger developing as well: cdg.org SIM/R-UIM cards are developed to an open standard by Gemplus, Schlumberger, Bull, Orga, and G&D. All can be expected to have a CDMA SIM/R-UIM, but looks like Gemplus out in front. << Now, what can we invest in or when will there be a spin off IPO - hmmmmmmm? >> All 5 manufacturers listed above are either privately held (G+ & Orga) or small division of a large company. Gemplus will be a "pure" smart card play if they IPO. Based in Gemenos, FR, with US headquarters in Redwood City, CA, they should pass $1 billion in annual sales this year and word has it their newest investor, Texas Pacific plans to guide them public, "when the time is right", whatever that means. Smart card manufacturers have attempted to have proprietary control of architecture, but smart card standards are becoming quite open, so we are probably looking potentially at a royalty play. Gemplus does not have "twice" market share in smart cards (or SIM cards) over next largest competitor Schlumberger, so more of a Princely Prince candidate than a King, IMO, but they seem to be cranking up their lead, so perhaps a King candidate one of these days. Trick of course is whether or not they do an IPO, at which time it might be proper to evaluate the sector. - Eric -