Wireless Watch: Expect a Rebound in 2010


The wireless industry looked like bad news one year ago. As the financial markets roiled, analysts warned investors in wireless stocks to brace themselves. Research firm IDC predicted that in 2009, companies such as Nokia (NOK), Motorola (MOT) and Samsung, which manufacture cell phones, would face dismal sales. According to IDC's forecast, sales of traditional handsets, one metric to judge the growth of the wireless industry, would plummet by 20.3% globally.