Qualcomm (QCOM)

Sees a lot of upside on the stock. They are really well-positioned in LT where the growth is going more in the telecom industry. Also, have royalties on so many devices, which is an income stream on its own outside of the chips that they do for the handsets. Multiple is a little higher than the rest of the group, but it is not crazy.

Qualcomm (QCOM-Q) or Boeing (BA-N) for a great granddaughter that wouldn’t have to be changed? He would prefer Boeing. The whole airline industry is going to be growing by leaps and bounds.

The best stock he has ever owned. It went up 27 times since 1991. Royalties on all the smart phones in the world. Revenue growth is slowing down but they have a lot of cash.

Reported very good earnings. Beat their numbers on the quarter and raised their estimates for the next year. Feels this was a surprise to the market as high end handset business manufacturers had shown a little softness. This company is the chip producer for that group. Good value here.

(A Top Pick Dec 18/13. Down 1.63%.) He bought this on a breakout at about $68. The little pullback we are getting right now is probably a non-issue.

Currently at $73.13 and his model price is $93.17, a 27% upside and it is probably on its way to $84. Seems to be more activity, so maybe money is coming back into the semiconductors. He would also consider Intel (INTC-Q), which has something going on, and is a lot cheaper.

A phenomenal company with a lot of intellectual property around wireless communications, especially wireless chips. They are going to participate very well in the future. He is bullish on wireless bandwidth and the insatiable need for wireless bandwidth. An excellent play into this theme. His only concern is that when LTE is completely deployed (currently only 10% globally), the question is, what do they do next. This is a question that is 5 years away.

They think they can grow margins. One of the concerns is in emerging markets as to whether the margins are as good there. They are seeing pretty good numbers. Still quite a bit ahead of the curve on the chipset side. Have the patents on the 3G, but also on the LTE. Some concerns about what happens if we go to single LT and what happens to the margins. That seems to be 5 years plus down the road. Revenues have been 30% plus in the last little while. Trading at 15X earnings, so probably a pretty good bet here.

An interesting play at this time of year. We are nearing the end of seasonal strength for technology, but you do get a bit of a push in some of the semiconductor stocks, all the way through to February. This would be no different. There is not much room to run from a seasonal perspective, but technically it still looks good. You can play it for the next couple of weeks if you are a short-term investor.

A great choice for a tech stock. Reasonably priced in the mid-teens in terms of multiples to earnings. Every time a smart phone is sold they make $2. They control about 97% of the LTE chips. In terms of total chipsets, they are #3. A really nice, steady place to participate.

It’s chips in handsets. The trend is your friend. A bit of a yield (1.92%) and he thinks the market will just grow and grow. Asian market will grow.

Most exciting part of its business is that it gets the licensing fee on pretty much every smart phone. As China Mobile goes to the 4G standard, there will be a whole whack of new customers that can go to smart phones. This is a play on smart phones and there is a billion smart phones that are going to be shipped in 2013, which he expects will grow to 1.7 billion by 2017 and this company is going to get an ample share of that licensing fee. Cheap at 10X earnings ex-cash. Buying back stock hand over fist and raising the dividend.

You pick cell phones without having to pick the leader. It is the time to buy the technology stocks. Strong season is until at least end of January.

(Market Call Minute.) Likes the business.

We are getting momentum now. Has a model price of $92.20, a 25% upside. Some of these large-cap techs have been moving. This has a good chance of going to $91.61 before there are any sort of serious setbacks.