Internet of Things - Fortune magazine, Dec 4th
Saw this posted on another site :- Was cleaning the desk and must not have read this issue of Fortune and noticed on cover article on Internet of Things, Dec 4 issue. The closest one can get to a pure investment among the enterprise-focused companies is Sierra Wireless, a wireless-device maker with a $1.2 billion market cap. The company earns all its income from the category, serving automotive customers like Chrysler, Renault, and Dezo, which supplies Toyota, as well as industrial companies. Sierra has a high forward P/E of 33, but it’s justified by the company’s expected annual earnings growth of 81% for the next five years. “You’re able to move the needle faster on a smaller company at lower penetration levels than you are to move the tanker ship such as Cisco, Qualcomm, or GE,” says John Bright, a director and senior research analyst with Avondale Partners. Glta