RE: Getting Rich
I don't believe that "cell" phone demand has peaked nor do I believe that telcoms will delay upgrading their networks with the latest features. On the contrary...to return to profitability, telcoms will likely forge ahead with the latest and greatest wireless technologies.
In the not too distant future, I believe "Cell" Phones and PDA's will evolve into "complete" communication devices and be much in demand!
Sheepfarmer,
I agree with you in that I don't believe cell phone demand has peaked. But I do think the "growth in demand" may have peaked for a while. So while demand will continue to increase, I think it might be increasing at a slower pace than it has in the past.
The PE of 45 (missed the number in my last post) seems high given this current environment. I think we just saw in the US a higher than anticipated jobless claim. So while again I agree with you cell phones and pdas becoming one (Remember Qualcomm's monster? pda cell phone combo?), that might be a bit into the future. I am less confident that the telcos will be spending a lot of capital in the near future. Most have balance sheets that are in rough shape. And the US customer has shown that their primary interest in cell phones is just to simply talk. That have not shown much interest in moving towards "web browsing" or other features. So I am cautious about putting too much hope on outgrowth of features.
Any thoughts?