Next Inning Technology Announces Investment Opinion Publishes State of Tech Report Covering Applied Micro Circuits, Broadcom, Marvell Technology Group, PMC-Sierra, and QLogic

Business Wire, June 24, 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 Applied Micro Circuits (Nasdaq: AMCC), Broadcom (Nasdaq: BRCM), Marvell Technology Group (Nasdaq: MRVL), PMC-Sierra (Nasdaq: PMCS), and QLogic (Nasdaq: QLGC).

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, he is updating his thinking in a series of reports he calls the "State of Tech." These reports are designed to examine both value and vision and to leverage that knowledge to prepare for the upcoming July earnings season. 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=bw686

In his State of Tech report covering specialty semiconductor companies, McWilliams wrote: "There's absolutely no doubt about it, Broadcom is extraordinarily competent at high-performance mixed signal design, including the integration of high frequency RF, and has clearly demonstrated its ability to take its technology to market. However, there are many more companies that can claim similar expertise today than there were during the years Broadcom leveraged these strengths to grow so significantly..."

McWilliams also looks at these topics:

-- McWilliams was initially skeptical of Broadcom's market share targets in the handset markets. Does McWilliams see Broadcom's recent reduction of this target as being more realistic? What are the critical hurdles Broadcom needs to clear in order to be successful?

-- McWilliams suggested that readers sell Applied Micro Systems in early 2004 at a split-adjusted price of roughly $30. Following this call, he remained decidedly cold on the stock as it lost over two thirds of its value. However, as the stock dipped into the mid-$7's a couple months ago, he suggested readers consider buying shares. What led to McWilliams flipping to a bullish position after over four years as a bear? Does he think investors should continue to look favorably at the stock now that it has moved up 20%?

-- McWilliams has been highly critical about the lack of transparency in Marvell's investor communications and correctly called for a CFO change over a year ago. With a new CFO in place and on the heels of the best quarterly results Marvell has reported in years, does McWilliams think it's time to accumulate shares?

-- With PMC-Sierra more than doubling off its February lows, does the stock remain McWilliams' favorite speculative investment in the State of Tech Specialty Semi proxy, or has it moved too far too fast? What are the catalysts and risks that McWilliams thinks will drive PMC-Sierra going forward?

-- McWilliams suggested that readers buy QLogic last October when the stock was selling for roughly $13 and then that they hedge long positions by selling July $15 covered calls when the stock surged last February. Now that the premium for those calls has fallen from over $2 to about $0.60, does McWilliams think investors should buy cover for the short call position or let it ride? What sort of changes does he see lying ahead in the competitive environment for the markets served by QLogic?

Founded in September 2002, Next Inning's model portfolio has returned 242% since its inception versus 84% 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.