INTC: Piper Sees Change Of Guard In Tech Wave
A team of technology analysts at Piper Jaffray today offered a rather sweeping note positing that technology is becoming a force again to a degree not seen since the ’90s.
The rise of mobile technology, especially mobile phones, is threatening to displace the personal computer and to create new technology leaders, they write, with Qualcomm, for example, surpassing Intel in importance.
“Intel is in peril as it is trapped in the old paradigm that will be cannibalized as the new paradigm accelerates,” the authors write.
“In the 4th wave, connectivity is king and QCOM and the carriers such as AT&T and Verizon Communications are positioned to benefit as are tower companies like American Tower.”