Stocks: (VZ)(S)(CHL)China Mobile has almost 300 million customers. It also has plans about how it will get more. The CEO of the world’s largest cell company want to make his phones a “Swiss Army knife that can do anything for you.” Pretty cool. And, smart.The company is offering a new music sharing service among phones with the help of News Corp. The company has also done an outstanding job of promoting text messaging and music downloads.China Mobile is also looking outside its home markets for acquisitions in Asia, South America, and Africa. These are markets that will grow quickly and may not have well-funded and dominant local cell companies.There may be a lesson in this for US cell companies like Verzion, Cingular, and Sprint. Doing well in the US may not be enough. Penetration of phones is fairly high in this country is fairly high. To let the Chinese take the market opportunities in emerging markets would be a mistake. No matter how big China Mobile is in its home market.Douglas A. McIntyre can be reached at [email protected]. He does not own securities in companies that he writes about.
China Mobile: It’s Good To Be King (CHL)
Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.
McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.
His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.
A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.
TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.
McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.
Top Gaining Stocks
Top Losing Stocks