Stocks: (MOT)(QCOM)(BRCM)(NT)(MOT)(ALU)(INTC)(TXN)
The egg heads at the Financial Times of London want readers to believe that the leadership in telecom technology is moving out of the US. With the old Bell Labs,which became, Lucent, merging with French firm Alcatel and Chinese companies building high tech switchs and routers, the US seems to be running behind.
The FT wants to make the case that "the next generation of ideas is coming more from London, Seoul, and Brussels" Nice theory. No evidence.
The revolution in WiMax is being lead by Motorola and Intel. WiMax pioneer Clearwire is US based. Qualcomm has its problems, but it is still the leader in global cell phone chip technology. Its rivals, Texax Instruments and Broadcom are here.
The king of global routing, Cisco, is based in the US. Juniper is still in the US, until someone from overseas buy it. By the same token, a US company like Motorola could buy Canadian telephone tech company Nortel.
Perhaps the FT should send its writers back to school.
Douglas A. McIntyre can be reached at [email protected]. He does not own securities in companies that he writes about.
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