For a past number of years and to this day, Qualcomm (QCOM) has profited from the development, design, manufacture, and marketing of digital wireless telecommunications products and services. The company has greatly benefited from its intellectual property portfolio pertaining to the manufacture and sale of wireless products. If you’re using a phone on a 3G network, it’s likely that it has a certain amount of QCOM’s technology built in.
While QCOM still maintains a solid position in the cellular phone market, the company has shown that it is not oblivious to the changing technological landscape. Recently QCOM acquired Atheros (ATHR) for $3.2 billion to diversify its product portfolio beyond mobile phones and expand its addressable market into game consoles, media players, tablets and TVs. This acquisition will give QCOM a tremendous opportunity to leverage Atheros’ Wi-Fi technology capability in non-handset devices.
This acquisition helps QCOM supplement its existing product portfolio and establish a position in the chipset market for tablets and other devices. This will enable QCOM to remain in the spotlight as more devices become integrated with Wi-Fi wireless services and cellular wireless services.
If you’re in search of a way to gain exposure in the area of technology/mobile devices, QCOM is certainly worthy of your attention.
Disclosure: No Position