For Immediate Release
Chicago, IL – December 16, 2009 – Zacks.com announces the latest Industry Outlook. Today, Zacks Equity Research discusses the Telecom Industry, including Qualcomm Inc (QCOM), Vodafone Group Plc (VOD), China Mobile Ltd (CHL), Amdocs Ltd (DOX) and Vivo Participacoes S.A. (VIV).
A synopsis of today’s Industry Outlook is presented below. The full article can be read at http://www.zacks.com/stock/news/28336/Telecom+Industry+Update+-+Dec.+2009.
Telecom Industry Update – Dec. 2009
The telecommunications industry as a whole offers a number of attributes that are difficult to ignore for most investors.
• Telecommunications is a necessary utility: The need for telecom in both rural and urban areas, and its role in the infrastructure of both developed and developing markets, continues to grow. In addition, economic stimulus plans in the U.S. and throughout the world should boost selected service providers and equipment manufacturers.
• Massive growth of smart-phones: In spite of the challenging global economy, the growth in the smart-phone mobile market maintains its impressive trend. This primarily reflects a shift in consumer preference towards feature-enhanced PDA devices from ordinary mobile handsets used primarily for voice telephony. This opportunity provides massive scope for telecom service providers, equipment manufacturers, chipset developers and wireless tower operators to retain new users and grow revenues moving forward.
• International diversification: While country diversification offers only limited protection in the current highly-correlated world equity markets, it offers hedging opportunities from local economic weakness and associated currency exchange differentials. Therefore, a significant allocation of foreign telecom companies would be appropriate as part of a technology-focused portfolio.
Companies that match well with the aforementioned considerations include Qualcomm Inc (QCOM), Vodafone Group Plc (VOD), China Mobile Ltd (CHL), Amdocs Ltd (DOX) and Vivo Participacoes S.A. (VIV).
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