BOSTON, March 24, 2004 (PRIMEZONE) -- The pmcw Report (http://www.pmcwreport.net/), a financial newsletter published by twenty-year technology veteran, Paul McWilliams, announces additions to its regularly updated investment ideas area. McWilliams was also named by SmartMoney as one of the thirty most influential people in investing.
Past investment ideas include familiar names such as Cisco (Nasdaq:CSCO), maximum gain of over 125%, Intel (Nasdaq:INTC), maximum gain of 103%, and JDS-Uniphase (Nasdaq:JDSU), maximum gain of 90%.
Started in September 2002, the pmcw Report's model equity positions have returned a staggering 320%, well outdistancing the Nasdaq's 46% gain over the same period. Since January 1st, 2004, the report's equity positions have gained over 16.4%.
McWilliams said that investment ideas were "stocks that we haven't yet felt comfortable making a pmcw focus stock and adding to our model portfolio; but, we're familiar enough with the big picture and their markets to discuss our impression of the company and (in most cases) provide what we feel is a reasonable fair value target."
The latest update focused on technology stocks, primarily semiconductor issues. The updated ideas section included entry price targets for those stocks that McWilliams felt had merit as either a short or long-term investment. Some short-term ideas included Atmel (Nasdaq:ATML), Fairchild Semiconductor (NYSE:FCS) and Vitesse (Nasdaq:VTSS). His longer-term ideas included a wide range of companies including, Broadcom (Nasdaq:BRCM), Linear Technology (Nasdaq:LLTC), Marvell (Nasdaq:MRVL), Microchip (Nasdaq:MCHP), Qualcomm (Nasdaq:QCOM), 02Micro (Nasdaq:OIIM), Adobe (Nasdaq:ADBE), LSI Logic (NYSE:LSI), Intel and Xilinx (Nasdaq:XLNX). PalmSource (Nasdaq:PSRC), 3Com (Nasdaq:COMS) and Oracle (Nasdaq:ORCL) were also recently added with a "bearish" rating.
McWilliams also recently expressed his opinion on UTStarcom (Nasdaq:UTSI). His comprehensive report discusses the converging forces of urbanization in developing countries like China and the trend for mobility and what these trends may mean for UTStarcom's bottom line. He also reviews company's current financial status, quantifies future opportunities, and provides his "fair value" price for accumulation.
When asked about the current market action, McWilliams said the following, "I feel the financial markets are misreading the convergence of news. I feel the Q1 semiconductor reports that will start hitting the street during the week of April 12th, will be generally strong and Q2 guidance will be above current expectations. Unless there's some wildcard geopolitical event, these should give the financial community some reassurance the semi-cycle has quite a ways to go before it peaks." However, McWilliams warns, this doesn't mean there won't be losers.
Those interested in reading his detailed reports on the above companies 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=PZ29
About the pmcw Report
The pmcw Report is a newsletter managed by technology veteran Paul McWilliams and RagingBull.com founder Rusty Szurek. Members enjoy daily postings and a model portfolio.
To learn more please visit: http://www.pmcwreport.net/join.php3?refer=PZ29