This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Eleven Picks for Wi-Fi Greatness

As financial journalists have grown distrustful of fundamental analysis in recent months, they've turned to technical or price-driven views of the market.

Epic stories about companies and their supposedly heroic managers that dominated business news outlets in the 1990s have gone out the court house window. Instead, tortured statistical theories, ranging from January barometers to presidential election cycles, have come in through a crack in the cellblock door.

How dull. These approaches say more about reporters' emotional response to being duped by corporate leaders and brokerage analysts than about real needs of investors.

So, in the spirit of innovation and rejuvenation, I'd like to turn my back briefly on the numerical view of the markets that SuperModels has trademarked, and instead work together with readers to focus on the people and businesses that have survived the worst bear market in two generations.

Working together, surely we can come up with some major economic and technological trends to ride through 2003 and beyond. Last year, the winning idea would have been gold-mining companies, regional banks and bonds -- all of which were amply proposed by readers in cheery emails not long after 2002 had gotten under way.

Readers' Wi-Fi Picks

Let's start with the wireless local-area network market that I wrote about at length a month ago. I asked readers for suggestions on companies that were poised to take advantage of this technology's undeniable growth prospects. And I received more than 200 responses in return.

Tom Zachman of Dodge City, Kan., believes that wi-fi "is the starting point from where communications becomes unplugged. But the problem is that it follows the old model of centralized communications hubs that become sluggish with abundant use." Zachman believes the next evolution will be "mesh networks," in which every user is a "repeater" that links other users.

This is a great idea, as it improves the robustness of the data flow. Zachman proposed this vivid image: "Wi-fi follows our social patterns. Imagine a party where no two people talk directly, but the host is responsible for relaying every spoken word (packet). Now look at how people interact when a rumor is thrown into the scene. Now add a drunk who constantly interrupts the host, and you will understand how Internet servers interact with centralized wireless connectivity. It's a mess."

1 of 4

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,881.77 -33.30 -0.20%
S&P 500 1,962.67 -2.01 -0.10%
NASDAQ 4,404.8330 +8.6290 0.20%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto
Advertising Partners

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs