NI Technology Updates Outlooks for PMC-Sierra, Cree, Analog Devices, Micron and SanDisk
PRINCETON, N.J., Dec. 2 /PRNewswire/ — Next Inning Technology Research (http://www.nextinning.com), an online investment newsletter focused on semiconductor and technology stocks, announced it has updated outlooks for PMC-Sierra (Nasdaq: PMCS), Cree (Nasdaq: CREE), Analog Devices (NYSE: ADI), Micron (NYSE: MU) and SanDisk (Nasdaq: SNDK).
McWilliams has displayed uncanny accuracy in predicting the ebb and flow of the markets during the last 12 months. He not only called the relief rally that started in November 2008 and nailed the March bottom to the day, but also predicted the catalysts that would start what has been one of the most significant recovery rallies in NASDAQ history.
In an effort to prepare his readers for the remainder of 2009 and help them position their portfolios for the coming year, Next Inning has published McWilliams’ Strategy Review and outlook for the next year. In this extensive report, McWilliams provides an in-depth forecast for a variety of tech sectors, points out what he sees as three danger periods looming in our future, and provides specific investment opinions and price targets on 37 leading tech stocks.
Long-term Next Inning readers know this is an important report. In his special report published in late 2008, he helped position readers early with big winners like Apple, Blue Coat Systems, Flextronics, 3Com and Sun Microsystems, noting clearly the latter two were acquisition candidates. Prices for these stocks have since advanced between 130% and 255%.
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McWilliams covers these topics and more in his recent reports:
– In a report published early Monday morning, McWilliams noted three specific pieces of public information that led him to believe PMC-Sierra will meet or beat its guidance for Q4. Based on this contention and his prior analysis, McWilliams reiterated his buy recommendation and his “fair value” price range. Why does McWilliams think investors should buy PMC-Sierra and what does he use to justify his fair value price target?
– Last December, when Cree was trading in the mid-teens, McWilliams advised Next Inning readers the analysts covering the stock were dead wrong and that Cree would report earnings during the current and following fiscal year at least 50% above the then current consensus. As it has turned out, Cree did just that for its fiscal year that ended June 2009 and analysts have now adjusted their estimates for fiscal 2010 to what McWilliams projected they should be a year ago. Now that the price of Cree has tripled, what does McWilliams think is in store for the future? Is there more to this story or does McWilliams think there are other stocks investors should consider for the next big winner?
– Ahead of its recent earnings report, McWilliams made a strong case for Next Inning readers as to why they should own shares in Analog Devices and why the company would outperform Wall Street expectations. Following this, Analog Devices reported results in line with McWilliams’ projections and the stock has shot up from the mid-$20s to more than $30. Why does McWilliams think the stock still merits attention? Does he see it as a potential long-term holding? What is his current fair value range for Analog Devices?
– Last March, McWilliams advised Next Inning readers it was time to buy Micron when it was trading in the mid-$3s. Following that, he suggested selling the first time the price popped up into the $8s last September and then jumping back in when the price fell back to the mid-$6s. With the price of Micron back above $8 now, does he think it’s again time to take profits and redeploy them elsewhere or that there is more to come this time?
– A year ago, when SanDisk was trading in single digits, McWilliams predicted we would see a recovery in NAND Flash prices during the second half of 2009 and that there was good potential for the price of SanDisk to triple. So far, the price is up more than 100%. Does McWilliams still think his original target of $30 is viable? When does he see SanDisk hitting that price and what does he see as being the primary drivers?
Founded in September 2002, Next Inning’s model portfolio has returned 204% since its inception versus 23% 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. Nothing herein should be construed as an offer or solicitation to buy or sell any security.
CONTACT: Marcia Martin, Next Inning Technology Research, +1-888-278-5515
SOURCE Indie Research Advisors, LLC