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Next Inning Technology Announces Investment Opinion, Updates Outlooks for Altera, Xilinx, Lattice Semiconductor, Actel, and Atmel
Business Wire, July 7, 2008
PRINCETON, N.J. -- Next Inning Technology Research (http://www.nextinning.com), a subscription service focused on semiconductor and technology stocks, announced it has updated outlooks for Altera (Nasdaq: ALTR), Xilinx (Nasdaq: XLNX), Lattice Semiconductor (Nasdaq: LSCC), Actel (Nasdaq: ACTL), and Atmel (Nasdaq: ATML).
In a series of reports released in March, Editor Paul McWilliams advised readers it was time to buy specific tech stocks. All of his selections went up significantly with some nearly doubling. Realizing the highs we were seeing in mid-May were unlikely to hold, McWilliams released a special report as the markets were peaking that month suggesting to his readers it was time to take some profits or at least hedge long positions with covered calls. Now that prices have declined, sharply in some cases, the big question on investors' minds is whether it's time to jump back in. In a series of special reports coving roughly 70 of the most dynamic tech companies in the world, McWilliams presents both the data and his opinions on which stocks to buy and which to avoid. Click the link below to read his updated thoughts and enjoy a 21-day free trial of Next Inning:
https://www.nextinning.com/subscribe/index.php?refer=bw692
In his State of Tech report on digital semiconductors, McWilliams wrote: "The aggregate market for logic ICs was about $67 billion in 2007. Out of this, programmable solutions had only about a 5.2% share, down noticeably from a roughly 6% share in 2006. It was this decrease that caused not only me, but also Wall Street and various research firms, to reevaluate long-term outlooks for programmable solutions. Based on the data I've seen published so far, at least one of these research firms, iSupply, has come to a different conclusion and has forecast that programmable logic will continue to grow more slowly than the semiconductor market as a whole. My view is that when we hit the aforementioned tipping point, programmable logic will grow at or above the rate of the aggregate market."
McWilliams also looks at these topics:
-- McWilliams went to great detail in his report to present the extensive data supporting his contention that 2008 will mark a tipping point for programmable logic. Based on this data and his value-based analysis of the various companies selling into the programmable logic market, what are his accumulation targets for Altera and Xilinx?
-- A year ago McWilliams advised readers to sell Lattice when it was trading for just under $6. Beyond the fact that the price of Lattice has declined by roughly 50%, what factors unique to Lattice does McWilliams think Wall Street is missing today?
-- In a March 2007 report, McWilliams encouraged readers to sell Actel at its then current price just under $17. Following this call, Actel fell to single digits and has more recently recovered to trade in the $16s. Now that Actel has caught up with its SEC filings and is reporting strong revenue growth, does McWilliams think the stock deserves another look? What are McWilliams' two cautions for investors considering Actel?
-- After McWilliams called Atmel a turnaround story that Wall Street had missed in April, the stock ran 30% higher. Now that the stock has pulled back to its April level, is McWilliams still bullish on the company? What are the positive factors for Atmel that McWilliams carefully delineated in his report that he says Wall Street is still failing to grasp?
Founded in September 2002, Next Inning's model portfolio has returned 221% since its inception versus 73% for the Nasdaq.
About Next Inning:
Next Inning is a subscription financial newsletter focused on technology stocks. Editor Paul McWilliams is a 20+-year industry veteran.
NOTE: This release was published by Indie Research Advisors, LLC, a registered investment advisor with CRD #131926. Interested parties may visit adviserinfo.sec.gov for additional information. Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.
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