Qualcomm Inc (QCOM)

[IceRich]

Geld, thanks for the OMNITRACS reminder, LOL
- I've been a big OMNITRACs proponent for years, here and on Raging Bull (see the archives for tech analysis).

I still hold that the OMNITRACS business is a cash cow, equal to the current stock price (worth about $30-40/share). CDMA is an added benefit, IMHO.

I think too many get blinded by the future of CDMA/1x/WCDMA, and don't see that QCOM is a company making money today, and pushing most of it back into R&D (OK, I got my dividend too). Now, I believe the future of cellular technology is via CDMA (what an education that has been for this civil/mechanical engineer), but so many forget the small things, like OMNITRACS. (Such as ability to track hijacked containers in south east asia.)

I know that some here will argue against the growth of truck/container tracking, and I will conceed in the USA. But the larger market is in the developing world, where there is even more need to track shipments due to uncertain conditions (like theft).