Are Qualcomm shares a potential opportunity?

Roger Montgomery

Montgomery Investment Management

Qualcomm owns the bulk of the patented technology that mobile devices require to access wireless networks. Every time a mobile phone or tablet is sold around the world Qualcomm is entitled to a royalty payment – it’s like owning the English language and charging anyone who learns to speak it! This licensing business represents 70 per cent of total earnings. We see Qualcomm as the scale player with the most advanced technology in a marketplace that will see 10 billion smartphones sold by 2020. With the current stock price reflecting a PE multiple of just 10x we think Qualcomm shares are a great opportunity. (VIEW LINK)

Roger Montgomery
Founder and Chairman
Montgomery Investment Management

Roger Montgomery founded Montgomery Investment Management in 2010. Roger has more than three decades of experience in investing, financial markets and analysis. Roger also authored the best-selling investment book,

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