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Five Great Companies to Buy at a Drop

I don't know where Mr. Bellehumeur got his information on Qualcomm, but his views do not comport with the facts: 1. CDMA technology, including CDMA2000, WCDMA, and related variants is the state of the art for high speed data communications. WiMAX and LTE are still in the development stage, with WiMAX capable of being deployed mainly in fixed wireless applications, rather than as a full mobile system. 2. Qualcomm, following its agreement with Nokia, now has a patent portfolio serving 3G and prospective 4G systems, giving Qualcomm a strong intellectual property position for at least the next 5 to 10 years. And because WCDMA is now the logical upgrade for GSM, as subscribers switch to WCDMA, the growth rate in chip sales and royalty payments for Qualcomm will exceed the overall growth in worldwide demand for wireless. Finally, in addition to the inherent growth in demand for high speed wireless, Qualcomm has a new display screen for cell phones that uses less power, and a large investment in video for cell phones that could generate substantial revenues in the coming years. Compared to other growth opportunities, what's not to like about Qualcomm?