"Wall Street has recently been very negative about Texas Instruments (NYSE: TXN)," notes wireless sector expert Nikhil Hutheesing. In his Forbes Wireless Stock Watch, the advisor explains, "But things may not be as dire as they sounded last month and I think that with expectations down, the company will end up exceeding expectations in the second half of this year."

"One reason Wall Street has been negiative is that TXN's biggest wireless customer, Nokia, announced a fundamental shift, stating it would no longer depend mostly on Texas Instruments for its chips. Ericsson also said it had shifted to a multi-supplier strategy.

"Besides that, in April, at TXN's earnings conference, CEO Rich Templeton talked of a cloudy economy and said that his company had become become more conservative with its outlook for the second quarter.

"Meanwhile, I've spoken with a number of experts in the wireless area who tell me that orders for TI's chips are significantly higher for the second half of this year than they have been in previous years. These orders are even coming from Nokia. (So far, Nokia's muti-supplier strategy has not had an impact on Texas Instruments.)

"Based in Mexico, América Móvil (NYSE: AMX) is the largest wireless service provider in Latin America," notes wireless sector expert Nikhil Hutheesing.

The editor of The Forbes Wireless Stock Watch notes that the company's largest stakeholder is billionaire Carlos Slim who holds a 30% stake. Here's the advisors's bullish assessment for the company.

"AMX, which was spun out of Mexico's Telmex in 2000, operates out of Mexico City, but only about 30% of its business is actually in Mexico. It has has been growing rapidly mostly by acquiring troubled Latin American operators that took on too much debt during the telecom bubble.

"Móvil then consolidates operations, changes management as necessary, and makes operations more efficient and profitable.

"With 3G networks in place, América Móvil will be able to boost revenue and profit by selling more data services. It's already offering 3G service in Mexico and plans to spend another $4 billion to upgrade its wireless networks to 3G in five or so more countries this year.

"The more I look at Apple (NASDAQ: AAPL) and its new iPhone, the more I consider it to be, perhaps, the most innovative and transformative company in mobile computing today," notes wireless sector expert Nikhil Hutheesing.

The editor of The Forbes Wireless Stock Watch explains, "Put simply, iPhone is a game-changing product, and we are now making the case for investors to buy the stock."

"When Apple first announced its move into the wireless PDA business - in January 2007 when it introduced its iPhone - there was skepticism over whether it would be able to grab market share from incumbents like Research In Motion, which makes the BlackBerry smartphone and Palm which makes Treo handhelds.

"Nobody is doubting Apple today. Steve Jobs' iPhone is in the hands of over four million people and it is now the number two smartphone in the business with a 28% market share. It has surpassed Palm and is nipping at the heels of RIMM's BlackBerry.

"Until recently, iPhone, like Apple's Mac has been a fairly 'closed' universe. It was a great consumer device but it had little presence among large corporate users, the so-called enterprise market. That all changed in March.

"I've been looking for an opportunity to invest in Garmin International (NASDAQ: GRMN) -- the fast growing global positioning satellite market -- for sometime now," notes wireless industry expert Nikhil Hutheesing.

The editor of The Forbes Wireless Stock Watch says, "Now, with the market rather jittery and competition picking up among GPS companies, Garmin is presenting a good opportunity." Here is his review.

"Garmin has been executing on all fronts and its revenues and earnings have been growing rapidly.While competition is picking up, the outlook for Garmin is good - yet the stock is down about 50% from where it was just a few months ago.

"Garmin International is the dominant player in global positioning satellite technology products. Many of us know Garmin's popular eTrex handheld used by hikers, and automobile systems like its StreetPilot. Garmin has become one of the largest GPS companies in the world, with a 45% market share in the U.S.

"But Garmin aims to be a lot more than just a 'GPS' company. Garmin's management is fully aware that most smart phone makers like Palm and Blackberry are encroaching on its core GPS business. Moreover, nearly every cell phone now has the capability of acting as a GPS navigation system as well.

"I am recommending shares of American Tower (NYSE: AMT), a leader in the wireless transmission space," says industry expert Nikhil Hutheesing.

The editor of The Forbes Wireless Stock Watch explains, "The stock is down, the company has top notch customers, strong free cash flow, a growing business within the U.S. and increasingly, its building up its business in emerging markets. AMT is a strong company with strong prospects."

"American Tower, based in Boston, is the leader in the wireless tower business. These towers are essentially real-estate for antennae of wireless service providers. The service providers need the towers because their antennae must be elevated so that their signals propagate, allowing their networks to provide wireless coverage.

"The good news, is that this is a growing business. American Tower's CEO just recently said that he expects 2008 to be one of the best years ever for American Tower. That, of course, is great news.

"It also means that it is very likely that the company's subscriber base will also continue to grow at a steady pace. Among its subscribers are wireless service providers-companies such as Verizon, Sprint Nextel and AT&T.

Each year Steven Halpern, editor of TheStockAdvisors.com, surveys the leading financial newsletter advisors asking for their favorite stocks for the coming year. This article is part of his 24th annual Top Picks Report.

Airspan Networks (NASDAQ: AIRN) is the favorite speculative idea for 2007 from Nikhil Hutheesing. The editor of The Forbes Wireless Stock Watch explains, "It's clear that over the course of 2007 and into 2008, WiMax (a high-speed next generation wireless network) will become a big story for wireless stocks.

"Investors should consider investing in some potentially exciting WiMax companies now, before hype and WiMax rollouts drive stock prices up. One way is to buy shares of Airspan Networks, a company that makes equipment for these networks.

"Shares of the Boca Raton, FL-based company have fallen about 60% since April of this year because of uncertainty in orders from two customers. One is Yozan, a Japanese wireless carrier that was the first to provide WiMax service in Japan. The other is Axtel, a Mexican telecom operator.

Each year Steven Halpern, editor of TheStockAdvisors.com, surveys the leading financial newsletter advisors asking for their favorite stocks for the coming year. This article is part of his 24th annual Top Picks Report.

Qualcomm Inc. (NASDAQ: QCOM) is the favorite conservative stock selection from wireless and telecom industry analyst Nikhil Hutheesing, editor of The Forbes Wireless Stock Watch.

He notes, "From May through August of 2006, shares of Qualcomm fell by 37%, spurred in large measure by Finnish mobile phone maker Nokia announcing in June that it would stop making cell phones based on Qualcomm's CDMA (code division multiple access) technology, which it licenses to manufacturers of wireless equipment.

"Qualcomm refused to buckle under pressure from Nokia to reduce its licensing fees and the two companies are now in talks about extending the current licensing agreements, which end in April. If there is no extension, Nokia could stop paying Qualcomm about $500 million in fees annually.

"Also lingering over the company has been a bitter patent dispute battle with Irvine, California-based Broadcom. In October, a judge ruled against Qualcomm in the dispute over one particular patent, saying that Qualcomm violated parts of the patent that help cell phones conserve battery power when out of network coverage. Qualcomm said it would appeal the decision -- the final determination comes next year.