DRIP Investor

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Charles Carlson, CFA
Editor, DRIP Investor Newsletter

Mobile Play
7/26/10

One of the more dynamic markets is the wireless sector. Indeed, the push for everything to be done via your phone or other handheld device will likely continue. One firm that should benefit from this is Qualcomm (QCOM).

Qualcomm holds patents on a number of wireless products and services and generates revenue from licensing these technologies.

Admittedly, it has not always been a smooth ride for the company, as Qualcomm has been known to disappoint Wall Street occasionally with its profit numbers.

However, I look for decent good earnings growth this year and next, and long-term growth prospects are above average.

I would feel comfortable initiating positions in the mid $30s. I currently own the stock and expect these shares to outperform the market over the next 24 months.

Qualcomm offers a direct-purchase plan whereby any investor may buy the first share and every share directly from the company. For contact information for Qualcomm and other U.S. direct-purchase plans, please click here.