Value Investing Factbook for Mobile Phone Industry 2012

It has a complete table of contents for easy access to each chapter of the book.
Seeing through future to determine the intrinsic value of a company is a challenging task since a sound know-how framework was not fully developed by Benjamin Graham and Philip Fisher, the pioneers of value investing. A sound know-how framework for value investing of Technology, Media, and Telecom is still missing today.
MBAC pioneered a MBAC Framework to answer the challenge of value investing for TMT. MBAC successfully applied the framework to research industries and companies in TMT to properly price intrinsic value of a company in a reliable way.
Economic characteristic view is a key component of MBAC Framework to develop the metrics of being used to seek, access, and calculate the intrinsic value of an industry sector or a company in TMT. MBAC took the fact as an axiom of the Framework that inherently built-in economic characteristics of an industry, industry sector or a company are different. The differences can be on a physical law of governing a technology product, can be on a social system of running a country, or can be on social behavior and moral level of individuals in a system. The differences of the economic characteristics are playing a critical role of defining and pricing intrinsic value of an industry or a company.
The mission of developing MBAC Framework of Value Investing is to build the knowhow knowledge base for investors in TMT and continue the way seeded by Benjamin Graham, Philip Fisher, and Warren Buffet.
Value Investing Factbook for Mobile Phone Industry 2012 based on MBAC Framework prepared for inquiries of global handset market covers handset vendors, their market positions, financial strengths, and forecast of the handset sector trend. The laws that we are following to research TMT markets are as the follows:
1. Moore s Law
The number of transistors per square inch on integrated circuits had doubled every year since the integrated circuit was invented. Moore predicted that this trend would continue for the foreseeable future. In subsequent years, the pace slowed down a bit, but data density has doubled approximately every 18 months, and this is the current definition of Moore's Law, which Moore himself has blessed. Most experts, including Moore himself, expect Moore's Law to hold for at least another two decades.
2. Nathan's laws s Law
a) Software is a Gas
b) Software grows until it becomes limited by Moore's Law
c) Software growth makes Moore's Law possible
d) Software is only limited by human ambition and expectation
3. HJiang s Law
a) Investment will move to open integration for a legacy system when Moore s law continues
b) Total Cost of Ownership of a self-contained legacy system will go down when Moore s law continues
c) Value proposition of a legacy system will continue through open integration until it is absorbed
d) Aggregation development on a legacy system will be contained by aged architecture
The book takes a holistic view from the perspective of handset shipments to cover the following areas of the handset sector of IT from 2006 to 2011:
1) Global Handset Shipments from 2006 to 2011
2) Global Feature Handset Shipments from 2006 to 2011
3) Global Smart Handset Shipments from 2006 to 2011
4)Forecast of Future Handset Market Size by Handset Shipments
5)Forecast of Future Handset Market Growth by Handset Shipments
6) Global Handset Shipments by Top 5 Vendors from 2006 to 2011
7) Global Feature Handset Shipments by Top 5 Vendors from 2006 to 2011
8) Global Smart Handset Shipments by Top 5 Vendors from 2006 to 2011
9) Financial Performances of Top 5 Handset Vendors by Shipments from 2006 to 2011
10) ASP Trend of Top 5 Handset Vendors from 2006 to 2011
11) Rank of Performances for Top 5 Handset Vendors from 2006 to 2011
12) Forecast Future Changes of Handset Industry from 2012
13) Rank of Readiness of Top 5 Handset Vendors from 2006 to 2011 for Changing
14) Plus more area