1 Stock to Play Global Technology Growth
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Unit sales at Research In Motion are falling, while Chinese handset makers are starting to pick up sales momentum. If growth at Huawei and ZTE continues, they will pass RIM and Nokia in terms of unit volume. And that will be great news for InvenSense. In its last conference call, it said that Edom, a supplier to Chinese handset makers, was a 10% customer for its micro-electrical-mechanical systems, or MEMS. If Edom is a big customer and Chinese handset makers are growing fast, that gives InvenSense a great international growth option over time. InvenSense has a low-cost platform for its MEMS, giving it an advantage. Although the company doesn't supply Apple, it does supply chips to phones using Google's Android operating system. Shares are very attractive today, and the international growth option makes them even more so.
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