Chinese wireless communications company KongZhong (Nasdaq: KONG) won the title of the Best Small Cap for 2007 in a Motley Fool contest.
The reason cited for picking KONG was not entirely convincing though. Okay, it is an emerging market and it is a pure play in wireless communication. The competition in China’s WVAS 9wireless value add service) market is just too fierce. It would be a hard press to believe that KongZhong has the winning formula against Sohu, Sina or Tom Online in the wireless market.
The other four are Atheros (Nasdaq: ATHR), Walter Industries (NYSE: WLT), Portfolio Recovery Associates (Nasdaq: PRAA), Syneron (Nasdaq: ELOS).
Full stories, see: And the Best Small Cap for 2007 Is … [Fool.com: Commentary] December 11, 2006