Friday, March 30, 2012

Local public telecom companies

As part of a conference on UC spinoffs, I presented a paper on the growth of the industry and its tie to UCSD. As part of that, I updated my January 2008 data on the small number of public companies in San Diego's telecom industry

Market Cap†
Change in 50 months
QualcommQCOM $114,900m
Leap WirelessLEAP
Maxwell TechnologiesMXWL
Novatel WirelessNVTL
Dot Hill SystemsHILL
† Market cap at 4pm EST Friday, according to

I knew that selling Qualcomm had been financially a bad decision. I had not realized that ViaSat and Entropic had done so well. In particular, Entropic has done tremendously well after a precarious start since its IPO. Meanwhile, Leap’s stock has fallen even more than Metro PCS since it rejected its repeated acquisition offers.

As an aside, Qualcomm has the 7th highest market cap on the NASDAQ: after Apple, Microsoft, Google, Oracle, Vodafone and Intel, but ahead of Cisco, Amazon, Amgen, eBay and Starbucks. There are only about 14 or 15 stocks on the NYSE with higher market cap (including IBM, AT&T, Coke and several banks and oil companies).

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