"On the strength of two key acquisitions, Brightpoint (NASDAQ: CELL) has become the largest global distributor of wireless devices," says quantitative analyst Vahan Janjigian of Forbes Growth Investor.

"The acquisitons helped boost the number of wireless products handled in 2007 by 55% to 83 million. The company is also the leading provider of customized logistics services to the wireless industry.

"CELL purchases cell phones, batteries, chargers, and memory cards, and then sells them to a global network of 25,000 customers.

"The objective is to acquire distribution rights to products offering the greatest potential for growth. It sells brands made by LG Electronics, Nokia, Kyocera, Motorola, Samsung, Sony, Siemens, and Ericsson. This category produced 92% of total 2007 revenues, but it had a gross profit margin of just 4.24%.

Growth expert Dennis Slothower has chosen Vodafone Group (NYSE: VOD) as the latest "stock of the month" in his Stealth Stocks newsletter.

He notes that the London-based firm is a world leader in providing voice and data communications services for both consumer and enterprise customers, with a significant presence in Europe, the Middle East, Africa, Asia, Pacific and the United States.

Indeed, he points out, the company has equity interests in 25 countries; partner market arrangements extend the group's footprint to an additional 38 countries with 206 million mobile communications customers.

He explains, "Vodaphone Group is continually developing and enhancing service offerings, particularly through third-generation (3G) mobile technology, which has been deployed in the majority of its operations."

With interest rates falling, he observes, the technology sector is leading the way and the wireless sector is leading the technology sector. And the company, he says, has grown earnings over the past year at a 25% rate.

Says Slothower, "This stock has everything I like: international exposure, a 2.5% dividend and a low P/E ratio. I would not be surprised to see VOD double over the next 18 months."

According to my numbers, he contends, Vodafone should be selling in the $70 range over the next three to five years. He concludes, "It is currently trading in the low $30 range, so VOD has a large upside potential. Place a sell stop at 25% below your entry price. As the stock rises, continue to raise your stop."

Each day, Steven Halpern's TheStockAdvisors.com features the latest stock picks and investment ideas from the nation's leading financial newsletter advisors.

Motorola (NYSE: MOT) is a long-term holding in the "Deep Discount Portfolio" compiled by Nathan Slaughter. This portfolio from his Half-Priced Stocks newsletter focuses on what he believes are the "most undervalued stocks on the market."

Regarding Motorola, he explains, "When we first added mobile phone and wireless equipment manufacturer Motorola to our Deep-Discount Portfolio back in March, we knew the company was headed for a temporary business slump."

As expected, he states, Motorola has struggled since then, surrendering market share to Nokia (NYSE: NOK) and Samsung and reporting back-to-back quarterly losses.

Furthermore, he adds, Wall Street has been frustrated with the firm's lack of new product development, particularly given the excitement surrounding the successful iPhone launch from Apple (NASDAQ: AAPL).

In recent years, Slaughter contends, Motorola has posted impressive 40% growth in handset unit shipments, tops in the industry. However, he observes, since hitting a homerun with the wildly popular Razr phone, sales have cooled off, and the company now needs to reinvigorate its lineup.

Fortunately, the advisor argues, management has outlined plans to do just that. In fact, the firm is planning to unveil not just one follow-up product, but a whole wave of new phones.

"Investors continue to underestimate the growth potential at Ericsson (NASDAQ: ERIC)," says global analyst Yiannis Mostrous in The Silk Road Investor. He considers the stock a core holding.

The Sweden-based company develops and produces advanced systems and products for wired and mobile communications in public and private networks and produces mobile phones through a joint venture with Sony.

Mostrous notes, "The company operates in one of the most promising segments of the global economy, where the demands of bigger and better networks increase almost daily."

According to the advisor, "It's currently upgrading networks for more than 50 phone companies, with about 6 million customers signing up for faster mobile access each month globally." Industry experts, he points out, expect mobile subscribers to surpass 5 billion in the next five years.