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MIPS Mips Technologies, Inc. (MM)

7.98
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type
Mips Technologies, Inc. (MM) NASDAQ:MIPS NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 7.98 0 01:00:00

NI Technology Updates Outlooks for Cree, Rubicon, Veeco, MIPS and Zoran

23/09/2010 3:39pm

PR Newswire (US)


Mips Technologies, Inc. (MM) (NASDAQ:MIPS)
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PRINCETON, N.J., Sept. 23 /PRNewswire/ -- Next Inning Technology Research (http://www.nextinning.com), an online investment newsletter focused on semiconductor and technology stocks, has published updated outlooks for Cree (Nasdaq: CREE), Rubicon (Nasdaq: RBCN), Veeco (Nasdaq: VECO), MIPS Technology (Nasdaq: MIPS) and Zoran (Nasdaq: ZRAN).

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.

Trial subscribers will receive the Next Inning Fall Strategy Review and highly acclaimed State of Tech reports that offer in-depth, sector-by-sector coverage of over 65 leading tech companies and specific guidance on which stocks he thinks investors should own and which should be avoided.  These reports, as well as McWilliams' regular commentary and detailed earnings previews, are available for free to trial subscribers.

In addition, subscribers will have access to McWilliams' daily commentary and actionable alerts.  To take advantage of this offer and receive these reports for free, please visit the following link:

https://www.nextinning.com/subscribe/index.php?refer=prn1095

McWilliams covers these topics and more in his recent reports:

-- With PMC-Sierra lowering its revenue guidance last night, does McWilliams think the company has a lingering problem or is this likely a short-term blip? What is his current fair value range for the stock following the lowered guidance?

-- The price of MIPS jumped following McWilliams' article about the company in the current edition of Forbes Magazine, but Next Inning subscribers who jumped on the stock last year when MIPS was trading in the $3s when McWilliams outlined how the company's expanding business model would ramp have done much better.  Due to space limitations authors must adhere to in print, we encourage MIPS investors to visit Next Inning to read the rest of the story.

-- Earlier this year was a race by Wall Street analysts to see who could set the highest price target for Cree.  However, McWilliams, who advised Next Inning readers to buy the stock in early 2009 when it was mired in the mid-teens didn't join in the hysteria.  Instead, even though he still liked the Cree story, he advised readers the stock had shot past a reasonable valuation.   With Wall Street anxious to tear down Cree today, has McWilliams changed his tune?  Does he think the risks now being touted by Wall Street are valid or does he think the dip in the price has created a buying opportunity?  What does he think a fair valuation is for the stock today?

-- Rubicon and Veeco are also participants in the LED industry and, like Cree, their prices have also been hammered.  Do these companies really have a direct connection with Cree or are they more subject to the whims of the fickle consumer electronics businesses?  Given that there will likely be a rebound in consumer demand for LED technology, which is often used to backlight newer LCD TVs, does McWilliams think these stocks will be a better way to play the trend than Cree?

-- Zoran, which was once a leading manufacturer of processors used in various consumer electronics has come on hard times and seen its stock price slashed to mid-single-digits.  Given its highly cyclical nature and the fact we're nearing the holiday shopping season, does McWilliams think it's time to speculate in a short-term pop?  How has Zoran's competitive landscape changed?

Founded in September 2002, Next Inning's model portfolio has returned 269% 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 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

Copyright . 23 PR Newswire

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