BOSTON, March 4, 2004 (PRIMEZONE) -- The pmcw Report (http://www.pmcwreport.net/) recently commented on the Semiconductor Industry Association's (SIA) January numbers and various focus stock positions. The pmcw Report is a subscription investment newsletter started by twenty-year semiconductor veteran Paul McWilliams and Ragingbull.com founder, Rusty Szurek. McWilliams was also named by SmartMoney as one of the thirty most influential people in investing.
Started in September 2002, the pmcw Report's model equity portfolio has returned a staggering 364%, well outdistancing the Nasdaq's 56% gain over the same period. Since January 1st, 2004, the report's equity positions have gained over 26%.
The following statements refer to Paul McWilliams' commentary, and the following quotes can be attributed to Paul McWilliams:
He thought the SIA numbers were "positive" and pointed to the fact that "the sum of the six, nine and twelve month averages for 2004 was 5.3% or the third highest January increase on record."
He was somewhat surprised by the decrease in average-selling-price to $0.448. He noted to his subscribers that the decrease is likely due to "softer than expected January PC sales" which in part he attributes to the Chinese New Year starting in late January. Due to this, I don't see a reason for anything more than a short term concern for Intel (Nasdaq:INTC) and Advanced Micro (NYSE:AMD) investors."
McWilliams is sticking to his overall sales increase of 18.9% in 2004.
pmcw Focus Stocks
McWilliams made multiple buys in focus stock Catalyst Semiconductor (Nasdaq:CATS) late last year at around $7 per share. Using his proprietary pmcw Enterprise Valuation technique, McWilliams discusses why he feels Catalyst is a buy below $8 per share and should be trading at a significantly higher price by the end of the year.
He has also recently been buying Packeteer (Nasdaq:PKTR). "I feel very comfortable in predicting the trend of networking is rapidly moving towards converged services and I feel very comfortable in saying PKTR is dominate parts of this market." He viewed Oppenheimer's February 25th downgrade as an opportunity to pick up shares at a discounted price. When Oppenheimer reversed their move and upgraded shares earlier this week he wasn't surprised.
"Oppenheimer said they don't expect a significant change in the competitive environment and they see no reason to believe demand is slowing. This was the opinion we came to in two detailed reports on February 23rd, two days before their downgrade."
He continues to like Harmonic (Nasdaq:HLIT) as one of his favorite long-term plays. He's encouraged by Softbank's (Japan's largest broadband provider) recently billion dollar financing to continue its broadband build-out.
Those interested in reading his detailed reports and receiving his detailed buy and accumulate ranges for all focus stocks can sign up for a free thirty-day trial to his service: http://www.pmcwreport.net/join.php3?refer=PZ23
About the pmcw Report
The pmcw Report is a newsletter managed by semiconductor veteran Paul McWilliams and Raging Bull founder Rusty Szurek. Members enjoy daily postings and a model portfolio.
To learn more please visit: http://www.pmcwreport.net/join.php3?refer=PZ23