BOSTON, Feb. 15, 2004 (PRIMEZONE) -- The pmcw Report (http://www.pmcwreport.net/) is excited to announce its recent semiconductor interview with FindProfit. 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 368%, well outdistancing the Nasdaq's 57% gain over the same period. Since January 1st, 2004, the report's equity positions have gained over 27%.
McWilliams discussed many topics in the interview including:
-- His outlook for 2004 including areas that should be avoided with the recent surge in share prices
-- How to manage risk in an appreciated market like today
-- Do investors continue to play Wi-Fi, or is time to latch onto Intel's push of Wi-Max?
-- What role will China play in the semiconductor industry in 2004 and beyond? What companies could be commoditized by China's aggressive fabrication build-out?
-- The sectors where he believes M&A activity will take place
McWilliams expressed concerns over Intersil's (Nasdaq:ISIL) ability to "durable differentiate" from the competition, and said that he will "watch ISIL real close." Even still he feels "they are currently selling for at least 20% below fair value)."
Harmonic (Nasdaq:HLIT) is a company he thinks is poised to do well in the year ahead. "Even though we're up nearly 1,000% on our original buys, I feel it will be a big winner again in 2004."
He also commented on the telecom semiconductor players and thinks that "Vitesse (Nasdaq:VTSS) will radically beat the consensus again this quarter. Even though many think PMC-Sierra (Nasdaq:PMCS) will come in light, I think they are finally getting traction at the enterprise level and will be rewarded."
One company he suggested that readers avoid is Zoran (Nasdaq:ZRAN). "We spoke highly of ZRAN in our first interview in 2003 and suggested it would be a buy at about $11. Even though it's dropped over 40% from its 2003 high, it is still up 53%. I don't like surprises and I feel Zoran is facing some strong competition from Taiwanese companies."
Other companies discussed in the interview include:
Teradyne (NYSE:TER), a pmcw Report investment idea Power-One (Nasdaq:PWER) Avici Sytems (Nasdaq:AVCI) Cisco Systems (Nasdaq:CSCO), a pmcw Report investment idea Juniper (Nasdaq:JNPR), a pmcw Report investment idea Nortel (NYSE:NT) ADC Telecom (Nasdaq:ADCT) Catalyst Semiconductor (Nasdaq:CATS) Texas Instruments (NYSE:TXN) Applied Micro (Nasdaq:AMCC) National Semiconductor (NYSE: NSM) Silicon Labs (Nasdaq:SLAB) Atmel (Nasdaq:ATML) Tellabs (Nasdaq:TLAB), a pmcw Report investment idea
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."
"If you want a 'big prediction' it's that the Euro and Dollar will trade at parity at some time during the next twelve months."
Those interested in reading his detailed interview and learning more about his feelings on 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=PZ21
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.
To learn more please visit: http://www.pmcwreport.net/join.php3?refer=PZ21