Spectrum is a scarce resource and wireless companies build out their networks based on average expected usage levels. A spike in demand can blow up the network and most cannot handle an emergency.
More Quotes from Greg Gorbatenko:
People have been betting against them for a long time. This backslide is just something to take advantage of. There is substance to these companies.Greg Gorbatenko
We are starting to definitely see that the chip companies have more supply than demand. There are inventory issues, ... And the handset side is tight because of oversupply. There is somewhat of a glut.
Greg Gorbatenko
Like his father, Roberts still has family values but they're packaged in a younger and more aggressive personality. What Wall Street admires about Roberts is that he's made big acquisitions and successfully integrated those units into the company.
Greg Gorbatenko
It's ridiculous that Motorola is trading down. Nokia comes out and says industry growth is great but that it didn't get any of it. By deductive reasoning, somebody had to get it, ... People are seeing Nokia is taking a bath and are incorrectly thinking that it's an industry problem.
Greg Gorbatenko
There's so much doom and gloom in semiconductors, any little prayer of hope will be well-received.
Greg Gorbatenko
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