BOSTON, Oct. 14, 2003 (PRIMEZONE) -- It's no surprise to Paul McWilliams or readers of his investment newsletter, the pmcw Report (http://www.pmcwreport.net/), that the world is close to a digital multimedia revolution.
McWilliams coined the phrase "TriMedia" back in 1998 to describe what he saw coming. TriMedia is "the delivery of video, voice and data over a single Internet Protocol broadband pipe." Michael Dell, CEO of Dell Computer, echoed this vision last week in an interview. The day after, Microsoft announced it has developed an entire division to focus on IP television.
Reporting on these events last week, prior to the story appearing in Forbes this Monday, McWilliams said, "The message is clear; we will have digital multimedia with advanced digital features in our homes sooner rather than later. This is a rising tide that will lift a number of ships."
However, riding the tide isn't McWilliams' style; he likes to spot the winners ahead of the crowd. Starting last October he advised members of his service to buy Harmonic (Nasdaq:HLIT) when it was trading at $1.07. As it became clear the multimedia wars would soon build momentum, he continued to urge members to buy more at $3.50 and again at $5.50. Even though Harmonic is currently trading at over $8.00 and, as he says, "could easily pull back", long-term investors "will likely do very well buying here."
Microsoft clearly shares McWilliams' high opinion of Harmonic. They named the small California company as one of only a few partners in their plans to deliver end-to-end TriMedia systems. Other vendors include:
-- Juniper Networks Inc., (Nasdaq:JNPR) - a pmcw Report "investment
idea" at $8.50
-- Intel Corp (Nasdaq:INTC) - a pmcw Report "investment idea" at
$17.00
-- Alcatel (NYSE:ALA).
Harmonic is only one of three current focus stocks held in the pmcw Report model portfolio that is up by over 100%. As of October 13th, the annualized YTD return of his equity portfolio is over 300%. Since starting the pmcw Report in September 2002, McWilliams has provided members with over 35 ideas that have returned in excess of 100%. Possibly even more impressive is the fact that not a single idea is currently sitting at a loss.
With nearly 40 years of investing experience and 20 years working with great tech companies such as Altera (Nasdaq:ALTR), Cypress (NYSE:CY) and Linear Technology (Nasdaq:LLTC), McWilliams knows the good times don't roll forever and feels "the price of many stocks is already reflecting way too much of what's to come."
However, he reminds us, "If you know where to look, there are still plenty of great investments today. Our goal is to help our members understand what is happening in the world and introduce them to the undiscovered companies that will do much better than what is currently reflected in the price of their stock."
He has written dozens of reports on Harmonic and the TriMedia explosion. Those interested in learning more can sign up for a free thirty-day trial to his service: http://www.pmcwreport.net/join.php3?refer=PZ1
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 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=PZ1