Emerging Tech

A good place to look over the next few years is tech stocks; but not domestically necessarily. Computer companies cannot continue to meet revenue goals by selling units to 15% of the population. A good example of how the emerging markets will fuel growth is Mexico. Every public school in Mexico, even in the most remote rural regions, has an IT program and is connected to the Internet.

United Microelectronics (UMC) a Taiwan based producer of semiconductor technology saw shares of its stock rise over 20% today, on news of September sales numbers. UMC announced that it did 10.5 billion New Taiwan Dollars in sales in September, that is an increase of over 14% from this time last year. Still, UMC is the AMD of Asia; rival Taiwan Semiconductor (TSM) reported sales of 29.45 billion New Taiwan Dollars in September, an increase of 6% from last year. This September sales boost was exactly what TSM had been looking for, because over the past three quarters they have seen sales down more than 5%.

Asia as a whole, and especially China, will be experiencing technology growth similar to what the US did in the mid through late nineties. There are over one billion people in China, and they all talk on phones... Keep China Telecom in mind. I expect it to make waves in the near future. Additionally, China has stepped up to the plate and made huge investments in Africa, especially in terms of infrastructure.