Qualcomm Inc (QCOM)

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The pmcw Report Adds Broadcom and Qualcomm to Its List of Investment Ideas

BOSTON--(BUSINESS WIRE)--March 25, 2004--The pmcw Report (http://www.pmcwreport.net/), a financial newsletter published by twenty-year semiconductor veteran Paul McWilliams, announces updates to its investment ideas section. McWilliams was also named by SmartMoney as one of the thirty most influential people in investing.


Started in September 2002, the pmcw Report's model equity positions have returned a staggering 320%, well outdistancing the Nasdaq's 46% gain over the same period. Since January 1st, 2004, the report's equity positions have gained over 16.4%.

In this latest update, McWilliams notes why he is bullish long-term on chip makers like Qualcomm (NASDAQ: QCOM) and Broadcom (NASDAQ: BRCM). Over the past two weeks McWilliams has updated the investment ideas section with nearly fifteen ideas. His latest update also included some short-term cyclical semiconductor plays.

McWilliams said that investment ideas were "stocks that we haven't yet felt comfortable making a pmcw focus stock and adding to our model portfolio; but, we're familiar enough with the big picture and their markets to discuss our impression of the company and (in most cases) provide what we feel is a reasonable fair value target."

Past investment ideas have included familiar names such as Cisco (NASDAQ: CSCO), for a maximum gain of over 125%, and JDS-Uniphase (NASDAQ: JDSU), for a maximum gain of 90%.

McWilliams also recently posted his first quarter review of the semiconductor market providing opinions as to what investors should expect for the remainder of 2004. He provides readers with the insights he gained from discussing the current cycle with his many field contacts. Topics covered include:

-- Where does the industry stand in relation to the records set in 2000?

-- What do semiconductor cycles have in common?

-- How long do semiconductor cycles last?

-- Where does China fit in the world of semiconductors?

Technology investors can sign up for a free thirty-day trial to his service by clicking: http://www.pmcwreport.net/join.php3?refer=BW2.

About the pmcw Report

The pmcw Report is a newsletter managed by technology veteran Paul McWilliams and RagingBull.com founder Rusty Szurek. Members enjoy daily postings and a model portfolio.

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