Waypoints 1.0

   Waypoints Release 1.0.pdf (647 Kb)

In this issue:

…this particular release is a beta ... and feel free to forward it to as many people as you wish. In fact we would love your consideration in letting other people know that we are here producing 'Waypoints' and hope you will consider recommending us to others now and forever if you deem our work valuable – as always, your call…

Below, we are sending along the text portion of "Short Question, Short Answer" section, which provides a quick synopsis of our thinking along with a pdf file of the entire Release 1.0 of the Waypoints Thought Piece.

Our editors suggested that we put a one-line teaser HERE to inspire you to click thru to our website to find out more about us and maybe even subscribe to "Waypoints" ... but we're not really fond of teasing ... never liked it when we were kids. That said, if you do want to find our more about "Waypoints", click here.

Happy reading and thank you for coming on the journey with us,

-pip

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Waypoints Release 1.0: short questions …short answers

“The significant problems we face cannot be solved at the same level of thinking we were at when we created them…”… Albert Einstein

Q: What’s the “Tech Safari”?

The fast growth companies who are exposed to our favorite themes. We present 57 names whose avg top line growth is 40% in 2005 and 26% in 2006 and include 12 of them in our Buy list…more on page 11…

Q: Any major changes to what investment themes shape your Buy / Sell lists?

Not particularly. Our big 3 à we prefer share stealing large caps – DELL … restructurers who ‘get’ that change is necessary – MOT … and those who are fast growers despite tech’s overall secular demise – RIMM, XMSR – more on page 8…

Q: What technologies do you think will win and lose?

Winners à Indian outsourcing, Flat panel display TVs, Satellite radio, Blackberry, Virtualization. Losers à RFID, Grid computing, WiMAX, Entertainment PC, Software as a service…more on page 24

Q: What changes have you made on your stock “Buy” list?

We removed TSMC, SPIL, IRF, CSCO and IBM while shifting 9 others from “Buy” to “Candidate”. Five favorites on the Buy list à RIMM, XMSR, AAPL, GLW, MOT … m ore on page 11 …

Q: Themes on your Sell list?

We’re still biased against smaller cap, mispositioned software and comm. Equipment names: Siebel, Ciena, Extreme… more on page 10 …

Q: What tech events matter most in the next few weeks?

Things are pretty quiet in August but early September will be abuzz with Smith Barney’s Tech Conference on Sept 6th , Intel’s mid qtr on the 8th followed shortly by peers TI, XLNX, ALTR. Then “off quarter” September results from ORCL, COGN, ATYT, RIMM. …more on page 18…