BOSTON, Oct. 21, 2003 (PRIMEZONE) -- Readers of Paul McWilliams' pmcw Report (http://www.pmcwreport.net/) have not been surprised by the near continuous flow of better than expected earnings results. In late September, as the Nasdaq slumped, he advised members to buy technology stocks on weakness. He predicted a quick rally in October fueled by solid earnings reports. His prediction is one of many that may have seemed risky when announced, but became obvious once time passed.
As one of the members to his service recently pointed out, "It takes far more than luck to provide a 300%+ return, 35 trades and investment ideas that have produced gains greater than 100% and not a single suggestion that lost money."
McWilliams suggested members buy Altera (Nasdaq:ALTR) last year at $9.53, in March at $12 and last month at $17.80 ahead of earnings. After listening to their conference call, he provided members of his service with a number of ways they could hedge their gains, as "their Q3 report was good, but not as good as I had hoped."
McWilliams also advised members in September that Texas Instruments (NYSE:TXN) was likely to report a very good Q3 and that the news would boost shares of Analog Devices (NYSE:ADI). Sure enough, TI crushed the estimates of even the most optimistic analysts and ADI is moving up with the news.
Last month McWilliams wrote to this note to his readers, "It appears inventory issues in the cell phone market have been resolved. Sales for Digital Signal Processors increased by 4.7%. This should be apparent when Texas Instruments and Analog Devices report their Q3 sales."
Analog Devices isn't new to McWilliams or his readers. Earlier this year he traded the stock in his model portfolio for a near 70% gain in just over five months.
Looking forward to the rest of the week, McWilliams thinks Intersil (Nasdaq:ISIL) is poised to deliver better-than-expected results when the company reports after the close on Wednesday. "Our field contacts lead us to believe that ISIL is having a great quarter and they should be well positioned to move into a strong Q4."
Intersil is a core holding in his model portfolio. McWilliams currently sits on a large number of shares at an average price of $13.13 for a gain of over 100% in just over a year.
Throughout the past month readers of his report have enjoyed commentary on: Vitesse (Nasdaq:VTSS), EMC (NYSE:EMC), Maxtor (NYSE:MXO), Advanced Micro Devices (NYSE:AMD), Nvida (Nasdaq:NVDA), Amkor (Nasdaq:AMKR), Siliconware (Nasdaq:SILI), Motorola (NYSE:MOT), Harmonic (Nasdaq:HLIT), LSI Logic (NYSE:LSI), Micron (NYSE:MU), Silicon Storage (Nasdaq:SSTI) and many more.
Readers can review his complete earnings commentary and learn about his favorite semiconductor companies and investment ideas by signing up for a 30-day free trial: http://www.pmcwreport.net/join.php3?refer=PZ2
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. McWilliams has nearly 40 years of investing experience and 20 years working with great tech companies such as Altera, Cypress (NYSE:CY) and Linear Technology (Nasdaq:LLTC). He was also named to SmartMoney's list of Most Influential People in Investing, alongside such greats as Warren Buffett and Alan Greenspan.
Members enjoy daily postings, economic updates and model portfolio and receive email updates of their latest commentary.
For more information or to sign up for a 30-day free trial, please visit: http://www.pmcwreport.net/join.php3?refer=PZ2