The following video is part of our "Motley Fool Conversations" series, in which Eric Bleeker, senior technology analyst, discusses topics around the investing world.

In this edition, Eric continues his review of how major tech companies performed in 2011. Looking at Qualcomm, Eric is impressed with progress the company made in throughout the year. Notably, he points to the continuing strength of smartphone ASPs, which in turn drives the company's licensing segment. And despite continuing challenges from companies such as Marvell, NVIDIA, Intel, and Texas Instruments, Qualcomm continues holding a dominant share in mobile processors. Qualcomm managed to gain about 10% in 2011, which is a sizable outperformance relative to the flat Nasdaq, but Eric believes better times are yet to come in 2012.

Eric Bleeker owns shares of NVIDIA. The Motley Fool owns shares of Apple, Intel, Texas Instruments, Qualcomm, and Marvell Technology Group and has bought calls on Intel. Motley Fool newsletter services have recommended buying shares of Apple and Intel and creating bull call spread positions in Apple and Intel. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.