Qualcomm (QCOM): Investing in 3G

"Qualcomm (NASDAQ: QCOM) is a play on the growth of the 3G smartphone industry," says growth stock expert Paul Tracy.

In his always-fascinating StreetAuthority Market Advisor, he explains, "QCOM owns the dominant 3G technology and stands to benefit from the coming wave of 3G smartphone handset introductions."

"Qualcomm sells semiconductor chips and licenses products based on a technology known as code division multiple access (CDMA). CDMA is a cell-phone technology that enables 3G cellular telecom services. The chips and components QCOM sells are found in these 3G mobile phones.

"There are two main competing standards for mobile telephone networks: Global System for Mobile communications (GSM) and CDMA. CDMA is superior to GSM in terms of allowing high-speed data transfer; it is easier to build a high-speed third-generation data network around CDMA technology.

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