Smartphone Index

UPDATE:

Anna Kitanaka, the writer for the Bloomberg article referenced below was kind enough to send me the list of the companies in the newly announced Credit Suisse smartphone index. They are:

• Softbank
• eAccess
• China Mobile
• Bharti Airtel
• Rogers Communications
• TeliaSonera
• Ericsson
• Agilent
• Anritsu
• Disco
• Google
• Apple
• RIM
• Wintek
• Sintek
• ELK
• E Ink Holdings
• Toshiba.

(Note: she reminds us that these are shortened versions, not the full legal name of these businesses)

It is my bedtime. I will discuss what I think of this tomorrow. Right now, it appears to be a gimmick to pull in money from clients with too much of it. Not that this will lose money, but I see nothing here that makes me believe anything other than that the biggest value here is in the free press for Credit Suisse.

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I may have to start my own smartphone index...If I do, my guarantee that each stock will be publicly listed and I will include how much I paid for it the day I bought it and posted within 24 hours of purchase.

Today, Credit Suisse announced the creation of its smartphone index. From the Bloomberg article:

The index, which tracks 18 smartphone-related companies, aims to highlight stocks that may benefit from a global mobile market “set to grow exponentially,” according to a report by Credit Suisse Japanese analysts including Hitoshi Hayakawa in Tokyo.

“The repercussions of growing smart-wireless-device adoption will sweep across the mobile devices, telecommunication infrastructure and digital content industries, transcending sector boundaries and sparking global investment ideas,” the analysts wrote in a report yesterday.

Of the 18 stocks tracked in the index, five are Japanese companies, four are from the U.S., three are Taiwanese, two Swedish and one each is from China, India, Canada and South Korea.