Mobile Industry Isn't Going Anywhere

Gloriously, people recognize that the problems are with Research In Motion (RIMM - commentary - Trade Now) and not with the mobile Internet tsunami. I am gratified to see that Apple (AAPL - commentary - Trade Now) remains strong and that the component players are strong, too.

This is a business that will last for years and years, and the idea that Research In Motion has to cut prices to move product is indicative, to me, of the strength of Apple. I would be thinking of the plays that are necessary to expand in this business, so I would look at Ciena (CIEN - commentary - Trade Now), Tellabs (TLAB - commentary - Trade Now), ADC Telecommunications (ADCT - commentary - Trade Now) and Qualcomm (QCOM - commentary - Trade Now) -- although everyone keeps chattering endlessly about the problems in China for Qualcomm, problems that are short-term involving the delay of systems being built.

I also see that Palm (PALM - commentary - Trade Now) is up, and I remain convinced that Verizon (VZ - commentary - Trade Now) will be a key client of the Pre as a way to be able to offer a product line that can be as broad and as customer-friendly as possible given that Apple's iPhone is so powerful.

I want strongly to reiterate the entire cohort of players in this group because more handsets, including the large amount that Research In Motion is putting out, will make things very strong for 2010.

Random musings: New homes are as cheap as existing homes these days, so maybe that explains the truth.... Stay defensive.... Apropos to my earlier piece on IPOs, Robert Castellano has an excellent column on A123 Systems (AONE - commentary - Trade Now) over on our flagship site. This guy really gets it.

At the time of publication, Cramer was long Qualcomm.

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At the time of publication, Cramer was long Qualcomm.

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