BOSTON, Feb. 2, 2004 (PRIMEZONE) -- The pmcw Report (http://www.pmcwreport.net/) is proud to highlight earnings previews for the week of February 2nd. The pmcw Report is a subscription investment newsletter started by semiconductor veteran Paul McWilliams and Ragingbull.com co-founder, Rusty Szurek. McWilliams was also named by SmartMoney as one of the 30 most influential people in the world of investing.
Started in September 2002, the pmcw Report's model equity portfolio has returned a staggering 362%, well outdistancing the Nasdaq's 64% gain over the same period. Since January 1st, 2004, the report's equity positions have gained over 20%.
In his latest weekly wrap-up McWilliams commented that he "doesn't feel the prices of the leading semiconductor companies such as Intel (Nasdaq: INTC), Analog Devices (NYSE:ADI), Linear Technology (Nasdaq:LLTC) and Texas Instrument (NYSE:TXN) include all of the growth I feel we're likely to enjoy this year. Due to this, I feel all these, and several other semi companies, are in or near a reasonable range for gradual accumulation."
He also commented on the earnings reports of many companies including the following. Snippets of his comments are included in quotes:
-- Cisco (Nasdaq:CSCO), a pmcw Report Investment Idea at $13.50
-- Sonic Solutions (Nasdaq:SNIC), a pmcw Report Investment Idea at
$7
-- On Semiconductor (Nasdaq:ONNN), "...considering all these points
leads us to conclude ONNN will make for an attractive buy on
weakness Monday."
-- Sprint FON Group (NYSE:FON) "...the interesting point of this
conference call is likely to be their vision of the future and
their capital spending plans."
-- ESS Technology (Nasdaq:ESST) "...I feel this is a pretty risky
proposition when compared to other potential investments. I'm
also not impressed with ESST's gross profit or cash flow."
-- O2 Micro (Nasdaq:OIIM) "...I feel the expectations for Q4 are
pretty modest (+6.5%) with earnings pegged at $0.11 versus $0.10
in the last quarter."
-- California Micro Devices (Nasdaq:CAMD) "...it appears CAMD is in
fact getting the traction we suggested could come their way."
-- Maxim Integrated Products (Nasdaq:MXIM) "...there's little doubt
MXIM is doing very well."
-- TriQuint Semiconductor (Nasdaq:TQNT) "...The fact they have yet
to turn a profit during the hot market of 2003 isn't
encouraging."
-- Siliconix (Nasdaq:SILI) "...I expect them to post a very strong
quarter and provide us with an optimistic view of the future."
-- Vishay Intertechnology (NYSE:VSH) a pmcw Report Investment Idea
at $7
In general McWilliams has a positive but cautious outlook for 2004, "All indications point towards 2004 being a very strong year in the semiconductor space, but feel some of this news is already built into the prices of many semiconductor stocks."
When asked what readers of his report should expect in 2004 he responded, "We can't stay ahead by following the pack; we will continue to leverage our extensive network of contacts and field research to uncover ideas before they are broadly known or understood by the investing public."
With the blistering start to the Nasdaq and pmcw Portfolio in 2004, the year ahead looks to be anything but boring.
Those interested in reading his detailed reports about the above companies and portfolio recommendations can sign up for a free thirty-day trial to his service: http://www.pmcwreport.net/join.php3?refer=PZ19
About the pmcw Report
The pmcw Report is a subscription financial newsletter managed by semiconductor veteran Paul McWilliams and Raging Bull co-founder Rusty Szurek. Members enjoy daily postings, economic updates and a model portfolio.
To learn more please visit: http://www.pmcwreport.net/join.php3?refer=PZ19