BOSTON, Feb. 9, 2004 (PRIMEZONE) -- The pmcw Report (http://www.pmcwreport.net/) is proud to highlight earnings previews for the week of February 9th. 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 364%, well outdistancing the Nasdaq's 64% gain over the same period. Since January 1st, 2004, the report's equity positions have gained over 26%.
McWilliams recently commented on his Harmonic (Nasdaq:HLIT) position, which is up nearly 1000% since his initial purchases. He believes Comcast's (Nasdaq:CMSCA) and Cox Communication's (NYSE:COX) upcoming announcements have the ability to move equipment stocks like Harmonic and Scientific-Atlanta (NYSE:SFA).
He believes one of the biggest quarterly reports will be Dell Computer's (Nasdaq:DELL) on Thursday. "If Dell is optimistic enough, he can right any wrongs done by those who spoke before him. The key will be a report on how the quarter finished and his guidance as to how business looks now."
He also commented on the earnings reports of the following companies (snippets of his comments are included in quotes):
-- Analog Devices (NYSE:ADI), " . . . I feel ADI will provide us with a
sterling report and strong guidance . . . unless we see the major
indexes fall sharply during the week, ADI will close on February
13th at or above $50. ADI is one of my favorite long-term semi
plays . . . "
-- Sturm Ruger (NYSE:RGR), " . . . if the sentiment turns away from
firearms manufacturers it might dip towards $10 and become a very
attractive dividend play."
-- LeapFrog (NYSE:LF), " . . . if you happened to buy LF (during the
holiday season), I would plan to sell it this week."
-- Vicor (Nadaq:VICR), " . . . VICR set the pace in the "brick" power
supply market. I suspect they are doing well, but I like Power-One
(Nasdaq:PWER) in this sector."
-- Garmin (Nasdaq:GRMN), " . . . I expect them to turn in yet another
strong quarter and provide us with optimistic guidance."
-- Gemplus (Nasdaq:GEMP), " . . . those with an interest in the
smartcard market might find this report interesting."
-- Siliconware Precision (Nasdaq:SPIL), " . . . I have little hesitation
in predicting business is booming for SPIL . . . they will have the
smaller potential to alter the direction of the market depending
on their comments about January and guidance."
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 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.''
With the blistering start to the Nasdaq and pmcw Portfolio in 2004, the year ahead looks to be anything but boring.
Those interested in reading his detailed reports about 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=PZ20
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=PZ20