So I'm not betting on INTC to finish any better than third place in a race with ARMH and QCOM. When you spend time getting to know the San Diego-based QCOM you'd likely wager on its dominance. With a market cap of $114.5 billion, QCOM is still the world leader in 3G, 4G and next-generation wireless technologies. Qualcomm includes Qualcomm's licensing business, QTL, and the vast majority of its patent portfolio. There are numerous layers to QCOM's capabilities. Qualcomm Technologies, a wholly owned subsidiary, operates, along with its subsidiaries, substantially all of Qualcomm's engineering, research and development functions. QTI operates substantially all of QCOM's products and services businesses, including its semiconductor business, QMC. It's a bit complicated and that's why I encourage you to visit QCOM's down-to-earth Web site for the overview. Shares of QCOM are still looking relatively inexpensive. With a forward (one-year) PE ratio of slightly more than 13 and a price-to-earnings-to-growth (PEG) ratio (five-year expected) of only 0.88, it's priced for consideration. It won't surprise you when you see the one-year price chart below with QCOM's quarterly revenue per share growth lifting the stock's price higher and higher! QCOM data by YCharts Analysts have an estimated consensus average revenue growth rate for the quarter and for the current year to be an impressive 30%. Earnings per share for the current quarter is estimated to have grown by over 21%, and for the current year EPS will likely be ahead by more than 22%. TheStreet's research department rates QCOM as a buy, noting, "The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, impressive record of earnings per share growth and increase in net income." Examine it closely for yourself and keep in mind its reasonable current dividend yield of 2.10%. This represents only a 29% payout ratio of the company's earnings so there's plenty of levered free cash flow ($4.67 billion as of June 30) to allow for a dividend improvement. Through its own R&D accomplishments and through strategic partnerships with other forward-thinking companies, Qualcomm's business model accommodates the breakthrough technology wireless companies need to power their business. QCOM openly licenses these innovations across the wireless industry, providing all companies big or small an equal opportunity to shape the future of wireless. This, to me, is a big part of its success. If you decide to buy shares of QCOM I'd encourage you to use a stealth trailing stop loss alert system like the one offered by TradeStops. One way or another you'll need a smart exit strategy. My advice to Intel would be to shape up and drink lots of energy drinks if you think you'll catch up with this technology "track star." Like running against Usain Bolt, you'll be lucky to stay close enough behind to be able to read the number on the back of Qualcomm's shirt. At the time of publication the author had no position in any of the stocks mentioned.Follow @m8a2r1This article was written by an independent contributor, separate from TheStreet's regular news coverage.