NI Technology Updates Outlooks for Applied Micro, Maxim, NetLogic, Harmonic & PMC-Sierra

Oct 28, 2010, 09:54 ET from Indie Research Advisors, LLC

PRINCETON, N.J., Oct. 28 /PRNewswire/ -- Next Inning Technology Research (, an online investment newsletter focused on semiconductor and technology stocks, has published updated outlooks for Applied Micro Circuits (Nasdaq: AMCC), Maxim Integrated Products (Nasdaq: MXIM), NetLogic (Nasdaq: NETL), Harmonic (Nasdaq: HLIT) and PMC-Sierra (Nasdaq: PMCS).

Editor Paul McWilliams has displayed uncanny accuracy in identifying winners and losers during this challenging and historic period for the markets. After calling the rally that started in March 2009 to the day and providing Next Inning readers with buy recommendations that in some cases returned in excess of 400%, he advised readers on May 3, 2010 that the markets were heading for a correction.  By the end of the day, the correction started.

In his June 7th Strategy Review, McWilliams advised readers we would see stocks rally in July, but that the rally would be followed by another selloff in August. As we know now, both events materialized as predicted.  On August 30th, Next Inning published McWilliams' Fall Strategy Review that outlines what he expects from the markets during the coming three months and naming five stocks he thinks will hit new highs before the close of the year.  Investors are invited to read McWilliams' market insights with no obligation during a 21-day risk-free trial.

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McWilliams covers these topics and more in his recent reports:

-- After suggesting investors sell Applied Micro Circuits in 2004 for more than $20, McWilliams kept the company high on his avoid list until late 2008 when he flipped and called the stock a good speculative investment. AMCC was trading then at only $4.39. What led McWilliams to change his opinion on the company after four years of berating its performance? What are the key changes that AMCC has made to its operating and business models that have driven its success? Does McWilliams think the company is focused on the right markets and making the decisions that will lead to solid earnings growth? With the stock now up around 150%, does McWilliams think it has reached its full valuation or that there is more room for it to grow?

-- Why did McWilliams reclassify Maxim to a "speculative" investment versus a "strategic" earlier this year? What short-term issues do investors need to consider heading into earnings? Does the risk-reward look balanced or tilted in one direction ahead of earnings? Is the long-term story strong enough to consider buying the stock at current levels?

-- The price of NetLogic has also fallen notably from its year-to-date high, but it is still trading more than 170% above where it was when McWilliams encouraged Next Inning readers to buy it as a good strategic investment. What has caused the weakness in NetLogic since its price peaked earlier in the year?  Does McWilliams think the decline was merited or that it has created a buying opportunity for investors who have waited patiently?  What does McWilliams see as an estimated fair price range for NetLogic?

-- Does McWilliams believe that Harmonic's acquisition of Omneon will prove to be a winner and that Harmonic shares are undervalued here?  Why have analysts been so hard on Harmonic and why does McWilliams think they are wrong? Does McWilliams expect Harmonic shares to move above $10 in the near term?

-- Why does McWilliams think PMC-Sierra's move to purchase Wintegra could be a game changer for the company? Should investors focus more on the company's disappointing guidance or the acquisition? What is his current fair value range for the stock?

Founded in September 2002, Next Inning's model portfolio has returned 285% since its inception versus 25% 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 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