JBL: The Sweet Spot

Another stock in the sweet spot is Qualcomm (QCOM Quote), which bought a nationwide slice of the UHF spectrum a few years ago for $87 million and then went to work developing the ability to compress channels into the spectrum. The result will be one of the first entities to broadcast television on your cell phone, MediaFLO, which is already set to be carried by Verizon (VZ Quote).

MediaFLO will carry 20 channels of video programming and 10 music channels. I own and recommend Qualcomm for proprietary technologies that are just better than everyone else's; this continues to show another way Qualcomm is leading the pack.

Finally, whoever wins the cell-phone content distribution war will have to go through the cell tower companies, so all this new content means more revenue for the towers that enable it. My favorite is American Tower (AMT Quote), which is up 30% since I first wrote about it in October. American Tower is set to win through more and more use of their existing 30,000 sites across the country.

Remember, being poor is bad, staying that way is stupid.