BOSTON, Jan. 26, 2004 (PRIMEZONE) -- The pmcw Report (http://www.pmcwreport.net/) is proud to announce that its model portfolio's equity positions returned an impressive 167% in 2003; well outdistancing the Nasdaq's 50% gain.
Since its September 9, 2002 inception, the report's equity portfolio has returned a staggering 366%, well outdistancing the Nasdaq's 63% gain.
The site's co-founder, Paul McWilliams, a technology veteran of over twenty years, isn't surprised by his model portfolio's big gains. "Last fall, we saw some great opportunities to load up on shares of our focus stocks. We've been calling for a turn in technology issues for over a year, giving our readers the ability to profit ahead of the recent surge in share prices."
Some of the recent highlights of the report include:
On December 9th, shares of Cypress Semiconductor (NYSE:CY) hit his "fair value" target of $20 for a quick 20% gain. Looking to this quarter's results, McWilliams said that 'all the general buzz leads me to believe CY is having another very strong quarter" a week before Cypress announced earnings last week. The company did surprise on the upside.
National Semiconductor (NYSE:NSM) has been on McWilliams' radar screen for some time. On December 17th, shares hit his fair value target of $37.50 for a gain of nearly 15%. He believes the company will show strength when it reports earnings.
He's commented on the semiconductor test and packaging space throughout the past months keying on leader Teradyne (NYSE:TER). On December 17th, shares hit his fair value target of $22.05 for a near 40% gain in less than a month. He has also suggested that his members look at "strategic Teradyne supplier" Power-One (Nasdaq:PWER) as a possible investment idea. Power-one has since increased by 50%.
In late December McWilliams commented on the outlook for Sun Microsystems (Nasdaq:SUNW) saying "I do know SUNW is finding significant traction with Java in Asia and Europe, and Linux in Europe. There's even signs they might find a way to make money from their $600M acquisition of StarOffice. If these events work out in SUNW's favor, there's plenty of room for their stock price to grow." Shares have since gained nearly 20%.
McWilliams also believed the likelihood of an "optical boom" was high in 2003. To participate in this area he suggested members look at the following companies:
- Ciena (Nasdaq:CIEN) for a maximum gain of 64% - Tellabs (Nasdaq:TLAB) for a maximum gain of 79% - Corning (NYSE:CIEN) for a maximum gain of 133% - JDS Uniphase (Nasdaq:JDSU) for a maximum gain of 69%
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 I 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."
Those interested in reading his detailed reports about the above companies and portfolio recommendations can sign up for a free thirty-day trial of his service: http://www.pmcwreport.net/join.php3?refer=PZ18
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=PZ18