Qualcomm (QCOM) picks up Flarion - WiMax coming
I've watched Flarion
ever since it was founded back in the day. It's a very interesting technology that basically allows wireless broadband over the big wireless carrier networks. Qualcomm makes a big move by acquiring Flarion
. Deal is valued at $600MM with an additional $205MM in earn-out. This deal tells me that momentum for WiMax deployment is picking up and we'll see this technology in 18 months or so. This is important because WiMax enable broadband connectivity for laptops and smart phones outside of the house or office. I think this is a critical first-step towards wireless video phones.