The below video is part of The Motley Fool’s “11 O’Clock Stock” series where we recommend a new stock every weekday at 11 a.m. ET over the next 50 weekdays. To see a video of co-founder Tom Gardner explaining the series, click here. To see our original recommendation of Qualcomm, click here.
In the video above, Fool.com analyst Eric Bleeker explains why he thinks Qualcomm
Bleeker says it’s hard to predict whether Apple
As far as the future’s concerned, the large American firms are already moving on to next-generation 4G data networks. This has some investors skittish about Qualcomm’s future prospects. However, there’s huge 3G rollouts just starting in China, India, Latin America, and other developing markets that Qualcomm should benefit immensely from. Also, Qualcomm has strong patents in that next generation of data networks, and even once they’re rolled out, we’ll still see 3G complementing it for a long time. Throw in a strong semiconductor unit and boatloads of cash, and Bleeker believes Qualcomm is well-positioned for the future.