NI Technology Updates Outlooks for Applied Micro Circuits, Broadcom, Marvell Technology Group, and QLogic

During the July earnings season, editor Paul McWilliams was spot on. Not only was he the only one to predict Intel would report revenue of $8B, he laid out the details so accurately that one reader commented, “It was almost as though McWilliams wrote the script for the Intel conference call.”

With the October earnings season just around the corner, McWilliams has begun publishing his special “State of Tech” reports. In this series of reports, readers will find detailed data covering the sector leaders as well as some of the up and coming niche players, commentary about sector trends and specific calls as to which stocks McWilliams thinks readers should buy and which he thinks they should sell.

To read the State of Tech reports, learn what McWilliams thinks Intel will report in Q3 and have full access to the Next Inning web site as well as a direct feed to McWilliams’ frequent investment ideas that have yielded a year-to-date return of 67% for the NI Portfolio,

McWilliams covers these topics and more in his State of Tech report:

– In his special State of Tech report covering Specialty Semiconductor companies, McWilliams included a special note to readers that he emphasized as being “important.” In this note he described in detail specific industry trends that have masked both revenue and gross profit in certain sectors and described how these situations would turn around during the coming quarters. What is it that McWilliams sees that he doesn’t think Wall Street will grasp until it reads about it in the earnings reports that will start to flow next month? What specialty semiconductor companies stand to benefit the most?

– McWilliams suggested that Next Inning readers sell Applied Micro Circuits in late 2003 when the stock was trading in the mid-$20s and maintained his negative opinion on the stock for five years. However, in December 2008, when the stock was trading in the $4s, he advised readers there was reason to buy. With the stock now up 125% from there, what does he see for the company’s future? Does he think Applied’s new CEO has the company heading in the right direction? Should investors hang on for more profits?

– Broadcom has moved up 72% since McWilliams suggested readers consider buying the stock nine months ago. Does McWilliams think the story has legs? What does McWilliams think about Broadcom’s high level of stock-based compensation? What would the company’s earnings look like if the compensation was reduced to more normal levels?

– McWilliams advised readers to buy Marvell in December when the stock was trading for only $6.57 explaining the company was destined to significantly increase its revenue and operating margin. He has since upgraded his outlook twice. What is his current view for Marvell’s forward earnings and his price target? What part of Marvell’s business model does McWilliams think Wall Street is still ignoring?

– Wall Street has been slow to react to positive events at QLogic, but has recently pushed the price up 45% above where McWilliams called the stock a buy. Does McWilliams continue to view the stock as one investors should hold or does he think it’s time to take some profits? What does he see as the risks investors should monitor here?

Founded in September 2002, Next Inning’s model portfolio has returned 222% since its inception versus 17% for the S&P 500.

About Next Inning:

Next Inning is a subscription-based investment newsletter that provides regular coverage on more than 150 technology and semiconductor stocks. Subscribers receive intra-day analysis, commentary and recommendations, as well as access to monthly semiconductor sales analysis, regular Special Reports, and the Next Inning model portfolio. Editor Paul McWilliams is a 30+ year semiconductor 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.- Indie Research Advisors, LLC