Expect Huge Mobile Broadband Growth - Barron's

 |  Includes: AAPL, GOOG, NOK, QCOM
by: SA Eli Hoffmann

Tech stocks bested the greater market in 2007 for only the second time since the dot.com bust. Barron's Plugged-In editor Mark Veverka says one tech sub-sector he remains bullish on is mobile broadband. It's "one of the most compelling economic and technological trends of our time," he writes. "If it were not for the one-two punch of Y2K and the commercial explosion of the Internet, which left us all a bit jaded, I think we would all be talking more enthusiastically about the coming wireless age." Major players in the sector include incumbents Nokia (NYSE:NOK) and Qualcomm (NASDAQ:QCOM), along with newcomers Apple (NASDAQ:AAPL) and Google (NASDAQ:GOOG).

Not long ago, Veverka said Qualcomm's 3G wireless-patent portfolio will position it as one of the major beneficiaries of the upcoming mobile broadband boom, especially once it gets over the hurdle of litigation with Nokia. He calls in "one of the purest plays on 3G." Shares have already gained since the Nov. 11 piece. Nokia's scale, discipline and vision should keep it secure in its top spot among global handset providers, Veverka says. In a September cover story, Barron's said Nokia's multi-faceted phone lineup addresses just about every price category, and "every conceivable combination of consumer tastes." It also said its massive one-million/day handset output should keep it ahead of competitors indefinitely.

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