Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Apple Inc. (AAPL), Nokia Corporation (NOK) Ask Congress for ‘New Spectrum’

It’s obvious that investors in tech giants like Apple Inc. (NASDAQ:AAPL)Nokia Corporation (NYSE:NOK), or Intel Corporation (NASDAQ:INTC) are wary of the fiscal cliff, but it was the companies’ turns to do the talking earlier this week.

Nokia Corporation (ADR) (NOK), Microsoft Corporation (MSFT)

As originally reported by The Hill, “[a] coalition of technology companies sent a letter to key lawmakers on Tuesday, calling for Congress to provide more airwaves for smartphones and tablet computers.” The document, which sought to inform Washington that freeing up spectrum would aid the handheld device industry, mentioned that companies “cannot simply engineer [their] way out of this problem.”

In addition to Apple Inc. (NASDAQ:AAPL), Nokia and Intel, the letter was also signed by other players in the smartphone and tablet space, including Samsung, Research in Motion, Alcatel-Lucent, Cisco, Ericsson and Qualcomm. Here’s a key excerpt (via The Hill):

“”Now is the time to ensure the incentive auctions are as robust and successful as possible at liberating spectrum. We should also turn our collective attention on ways to reap the economic benefits of underutilized federal spectrum assets.”

On the subject of the “fiscal cliff,” Apple and the other companies mentioned that “authorizing new spectrum auctions is timely and relevant” to Washington’s negotiations. This news comes on the heels of the FCCs efforts to “auction some TV stations’ airwaves […] to cellular carriers.”

The reason that this topic is important to investors in Apple Inc. (NASDAQ:AAPL) and the other companies mentioned above, is because a spectrum boost, quite simply, could provide a moderate boon to the smartphone and tablet industries. It is possible that these gains would have a positive effect on 4G LTE coverage, the ability to combine Wi-Fi and LTE signals together, and more. Let us know your thoughts on the letter in the comments section below.

DOWNLOAD FREE REPORT: Warren Buffett's Best Stock Picks

Let Warren Buffett, George Soros, Steve Cohen, and Daniel Loeb WORK FOR YOU.

If you want to beat the low cost index funds by 19 percentage points per year, look no further than our monthly newsletter.In this free report you can find an in-depth analysis of the performance of Warren Buffett's entire historical stock picks. We uncovered Warren Buffett's Best Stock Picks and a way to for Buffett to improve his returns by more than 4 percentage points per year.

Bonus Biotech Stock Pick: You can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12 months.
Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.