| BUY | | Research In Motion | RIM-T | 90.120 | Had gotten a bit ahead of itself. He likes it in the mid-$80's. It still has tremendous opportunities ahead.b | 2008-01-23 | |
| HOLD | | Nortel | NT-T | 13.080 | Part of the issue with them is that they really had to get their business reconciled, which meant selling off some of their potentially great future assets that were not making money. This means they will be a much slower growing company. There are probably better overall opportunities. | 2008-01-23 | |
| DON'T BUY | | Sierra Wireless | SW-T | 13.310 | Prefers companies that are going to be around for the long term. This one fills gaps between technologies. Their kind of market comes and goes. On a big upgrade to wireless spectrum and there is no access to the higher data rates of the new networks they get an opportunity to bring products to market. This makes it a very volatile company. Treat this as a trading stock. | 2008-01-23 | |
| DON'T BUY | | RF Micro Devices | RFMD-Q | 2.945 | Sells products into the cell phone market. Have had some pretty big customer concentration. When they hit it can go very well, but when you are a smaller player that business can disappear very quickly. | 2008-01-23 | |
| TOP PICK | | Sandisk Corp | SNDK-Q | 25.450 | Flash memory. Quality name but has a lot of volatility. When there is strength in the economy and with the consumer, this is a name that can do very well. There will be a tremendous acceleration of flash memory. They are the patent holder and get royalties off all flash memory made. | 2008-01-23 | |
| TOP PICK | | Sandvine Corp. | SVC-T | 3.900 | Deep packet inspection for communications going Internet protocol. This can be video, data or voice. They inspect every packet and know what's in there and can prioritize. If you want more high growth in some of the exciting new areas, this is a name to look at. Strong balance sheet. | 2008-01-23 | |
| BUY | | Adobe Systems | ADBE-Q | 34.330 | Software producer. Into Web publishing. Getting into new higher growth markets with opportunities to get in front of content creators in all kinds of places. Very high quality name and a pretty good entry price. | 2008-01-23 | |
| Comment | | eBay Inc | EBAY-Q | 28.940 | Good cash flow producer. One of the surprising things is that Amazon (AMZN-Q) has been able to get more traction with a similar type of platform. He will be taking a good look at this since it is trading off in the aftermarket. It's a matter of getting the price right and what you pay for the opportunity for growth. | 2008-01-23 | |
| TOP PICK | | Cisco | CSCO-Q | 24.030 | An incredible franchise. Great global sales force. Much greater than 50% of their revenue comes from outside of North America, so should be fairly resilient to any slowdown in the US. | 2008-01-23 | |
| BUY | | Motorola | MOT-N | 10.010 | Thinks there has been an overreaction on the stock. Expects the company will be split out into the different divisions. Be prepared to suffer through another quarter or two of less than stellar results. | 2008-01-23 | |
| Comment | | Dell Computers | DELL-Q | 20.120 | Their presence with the consumer and getting into the retail channel is going better than what most people had expected. Liked the fact that they were doing so well globally. Had never done very well with the US consumer. They still outgrow the PC market in China. | 2008-01-23 | |
| Comment | | Activision Inc. | ATVID-Q | 24.970 | Signed with Vivendi to create the world's largest pure-play online and console game publisher resulting in a $27.50 tender offer. Their business has been wildly cyclical and this will give them a subscription business that will stabilize the revenue. | 2007-12-03 | |
| HOLD | | Electronics Arts Inc | ERTS-Q | 55.130 | Probably the strongest player in the gaming industry because they have the biggest diversity of brands. Have recently announced some losses and will reinvest into some mobile gaming and all kinds of new areas. They will do well. | 2007-12-03 | |
| DON'T BUY | | Apple | AAPL-Q | 178.860 | A great company but he has trouble with the valuation. They have done at phenomenal job with their products. They need to hit a triple to drive this stock up. At the end of the day, it is still a closed system and that is not what people want. | 2007-12-03 | |
| TOP PICK | | Sandisk Corp | SNDK-Q | 37.910 | Flash memory cards are becoming the consumers’ media for storing digital images, digital videos and transferring files. Acquired M Systems, which makes thumb drives/USB drives. They are the technology leader and a great retail brand. | 2007-12-03 | |
| TOP PICK | | Western Digital | WDC-N | 27.660 | A hard drive story. A lot of digital cameras, etc. now have hard drives. They are also the leader in laptops. A massive amount of data is being produced. Video is in the early stages of truly being digitized. They will be a key beneficiary. Hard drive industry has consolidated so pricing is much more rational. Likes the long-term trend. | 2007-12-03 | |
| TOP PICK | | Dell Computers | DELL-Q | 23.940 | Has been beaten up. Organization has been restructured. They are making the changes that the consumer wants. Thinks they will announce a $10 billion plus share buyback in the next little while. Good price. | 2007-12-03 | |
| DON'T BUY | | Absolute Software Corp. | ABT-T | 37.230 | Remote security. A great area. Thanks there will be competition aggressively moving into this area. Hasn't been any consistency in earnings. Worth substantially less. | 2007-12-03 | |
| HOLD | | SAP AG ADR | SAP-N | 51.820 | Consolidation in the business software industry has become rampant but this company will remain a player. It will continue to do well. Picking up the right assets to make sure they stay relevant in the corporate environment. On his radar screen. | 2007-12-03 | |
| SELL | | Research In Motion | RIM-T | 104.760 | Doing a great job but the valuation is such that they can't do a home run anymore. Got a bit of ahead of itself so he sold his holdings. To believe it is fair value, you have to believe that sales will grow 5X the current level over the next 5 years. Take profits if you are a shareholder. | 2007-12-03 | |
| SELL | | VMware Inc. | VMW-N | 94.970 | Virtualization making your hardware look like whatever you need to serve your organization. A much more efficient way to deploy your IT assets. Prefers Citrix (CTXS-Q) valuation. Overvalued. | 2007-12-03 | |
| BUY | | Citrix | CTXS-Q | 36.830 | Virtualization making your hardware look like whatever you need to serve your organization. A much more efficient way to deploy your IT assets. Prefers valuation of this over Vmware (VMW-N). Involved in a patent dispute, which is a legitimate risk to keep your eye on. | 2007-12-03 | |
| BUY | | Sprint Nextel | S-N | 15.840 | Stock has been pretty flat to weak. Likes the dividend. Best wireless play in the industry. Functioning at much lower profit levels than the others. Ultimately they can get back to hire profit levels. Trades at a fraction of the multiple of other players so is good value. | 2007-12-03 | |
| BUY | | Microsoft | MSFT-Q | 32.920 | Their office suites and Vista continue to do well and dominate the market. Have grown more than 15% in the most recent quarter and the stock does not reflect that. Dividend is growing. | 2007-12-03 | |
| DON'T BUY | | Nortel | NT-T | 15.710 | He has been anti- Nortel for the last few years, but is softening his outlook. Not as negative as he was.Tough industry to be in. Believes the stock is closer to the bottom but there are better places to be. | 2007-10-16 | |
| WEAK BUY | | Dell Computers | DELL-Q | 27.850 | He likes it and has owned it. Company has done well in emerging market.They have had growth in Japan and China. Pushing with retail strategy and selling units through Walmart. | 2007-10-16 | |
| TOP PICK | | Applied Materials | AMAT-Q | 20.850 | He likes the business.Key supplier for solar and flat panels. Company has done well over the last 25 years. | 2007-10-16 | |
| TOP PICK | | Cisco | CSCO-Q | 32.290 | It is leveraged to global economy. The company has the whole system approach. Predicts 15-20% upside from here. | 2007-10-16 | |
| TOP PICK | | Best Buy Company Inc | BBY-N | 48.630 | It has a global market. Sells consumer electronic devices. Services are good for consumers and therefore consumers are loyal to the company. | 2007-10-16 | |
| BUY | | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Large global tech stocks-Global economy is strong. Corporate profits are still good in the US. There is growth in cell phones, consumer electronics, flat panel screen and PC's. Recommends having 12-15% of a typical portfolio in global tech stocks.(min. 5%, max. 20%) | 2007-10-16 | |
| BUY | | Microsoft | MSFT-Q | 30.320 | He likes the stock. It has been flat for a while. There is some concern that technology is moving away from Microsoft. However, Halo 3 and Office Suite have done well. The company has done well, they are well positioned good cash, good evaluation and aggressive with awarding shareholders. | 2007-10-16 | |
| BUY on WEAKNESS | | Research In Motion | RIM-T | 107.560 | They have had a tremendous run. He did own it and got out a little too early. Company is doing a great job. May be hard to get 8-10% return if entering now. Recommends entering below 80. | 2007-10-16 | |
| WATCH | | Sandvine Corp. | SVC-T | 5.700 | This is a good early stage technology Can. company. Provides hardware and software for deep packet inspection. He is becoming a believer in this company. Careful on evaluation. Hang on to it if you own it. | 2007-10-16 | |
| PAST TOP PICK | | Maxim Integrated Products Inc. | MXIM-Q | 28.260 | (Down 9.4% since Dec. 2006) Tough holdings for them. They got the business right but the stock wrong. The company has had management issues and was delisted as well. He continues to hang in there. | 2007-10-16 | |
| PAST TOP PICK | | Intel | INTC-Q | 25.480 | (Up 23%, Dec. 2006)He is still holding and expecting good things. Still likes it. | 2007-10-16 | |
| PAST TOP PICK | | Sandisk Corp | SNDK-Q | 47.000 | (Up 3% since Dec 2006)It is a very volatile stock. The company is #2 for MPV players. They have all core patents. They are retailers as well as manufacturers. Well positioned company. | 2007-10-16 | |
| DON'T BUY | | Citrix | CTXS-Q | 41.900 | The company is executing well but going through litigation. The stock is close to fair value and just hit 52 week high. Not a good time to buy . Continue to hold if you own. | 2007-10-16 | |
| DON'T BUY | | Zarlink | ZL-T | 1.390 | They do input/output high speed systems. Recommends passing for now until they build a sustainable business model. | 2007-10-16 | |
| BUY | | Corning Inc | GLW-N | 25.280 | Company involved in fibre optics for the flat panel industry. Stock is below fair value. This is a decent entry point. Outlook is strong. | 2007-10-16 | |
| SELL | | Absolute Software Corp. | ABT-T | 36.040 | Good Vancouver company, it has done well over the last year. Evaluation is pretty rich. Might be a good time to sell. Be careful with this one. | 2007-10-16 | |
| HOLD | | IBM | IBM-N | 119.600 | Solid mature company will continue to do well. It is a decent company to have for a core holding. Predicts high single or low double digit return. | 2007-10-16 | |
| HOLD | | Yahoo! | YHOO-Q | 26.690 | He likes the company, it has the most visited family of websites and has tried to diversify. It is becoming more attractive. | 2007-10-16 | |
| HOLD | | Verizon Communications | VZ-N | 44.930 | Good company, pays dividend, Premier operator in wireless industry. | 2007-10-16 | |
| HOLD | | Adobe Systems | ADBE-Q | 45.670 | Slightly rich better position then we have given them credit for. | 2007-10-16 | |
| HOLD | | Sierra Wireless (US) | SWIR-Q | 18.470 | Hold, but get ready to sell. | 2007-10-16 | |
| WEAK BUY | | Ericsson LM Telephone | ERIC-Q | 31.330 | Vague, (he needed more time) | 2007-10-16 | |
| DON'T BUY | | Research In Motion | RIM-T | 224.760 | You have to believe they will have 25% growth with solid double-digit growth after that. Not sure they can do it. Pretty risky valued. | 2007-07-09 | |
| TOP PICK | | Western Digital | WDC-N | 21.240 | Hard disc drives for computers. Particularly strong in portable hard drives. There is tremendous growth in gigabytes of storage. In the past, there has been too much competition but has now consolidated into 3 players who are all making money. Under appreciated and has tremendous upside. | 2007-07-09 | |
| WEAK BUY | | March Networks Corp | MN-T | 80.490 | Got spanked when it lost the Wal-Mart contract. Interested in it and has been tracking it. | 2007-07-09 | |
| DON'T BUY | | Zarlink | ZL-T | 1.900 | Has not delivered consistent results. Has not seen a history of management being able to expand beyond their core market. | 2007-07-09 | |
| TOP PICK | | Motorola | MOT-N | 17.800 | Retrenching to get their cost structure in line. Think they will ultimately get its sorted out. | 2007-07-09 | |
| WEAK BUY | | AVX Corp. | AVX-N | 16.980 | High cash position. 71% is still owned by the Japanese holding company, which has no intention of giving cash back to shareholders. A decent company at a decent value. | 2007-07-09 | |
| BUY | | Microsoft | MSFT-Q | 29.870 | Thinks conservatively it can get to $35. Forecasting 15% earnings growth. Growing dividends and buying back stock. | 2007-07-09 | |
| DON'T BUY | | Sierra Wireless | SW-T | 26.800 | At the mercy of some bigger players. Too vulnerable. | 2007-07-09 | |
| TOP PICK | | Applied Materials | AMAT-Q | 20.170 | Equipment provider for those who make the equipment we use. Great way to benefit overall from the spending on technology. Recently moved into solar. Caution, you can get home run quarters and then big misses. | 2007-07-09 | |
| BUY | | Level 3 Communications | LVLT-Q | 6.410 | Just starting to look at this one. One of the few operators that have consistently made money. An area that will probably make sense. | 2007-07-09 | |
| DON'T BUY | | Celestica Inc | CLS-T | 6.770 | This is an industry that needs to consolidate further. Very low margin business. | 2007-07-09 | |
| WEAK BUY | | ATS Automation | ATA-T | 9.380 | Into solar. Big auto parts provider. At fair value and there is probably decent upside from here. | 2007-07-09 | |
| DON'T BUY | | Cinram | CRW.UN-T | 25.870 | Ultimately, the long-term trend is anti-DVD. That market is going to slowly disappear. | 2007-07-09 | |
| TOP PICK | | Sandisk Corp | SNDK-Q | 43.450 | Flash memory. (Digital cameras and cell phones) 1st market it is going to eat into is the optical storage (CD’s). They have all the key patents. | 2007-04-30 | |
| TOP PICK | | Supertex Inc. | SUPX-Q | 32.750 | A high-voltage analog semiconductor provider. This has some tremendous niches to backlight displays in LCD’s. Have lots of long-term visibility. Growth is really materializing now. | 2007-04-30 | |
| TOP PICK | | Best Buy Company Inc | BBY-N | 46.650 | The best retailer in the industry. Consistently make money but are constantly trying to make it even better. Apple (AAPL-Q) are creating stores in the Best Buy brand. | 2007-04-30 | |
| DON'T BUY | | CanWest Global Comm. | CGS-T | 10.680 | Not a strong acquisition target. Likes the business, but recently stepped out. On their transition to Cognos8, it didn't go as quickly as they had hoped and the stock dropped which is when he bought. Pretty much at full value now. Would be interested in the mid-$30's. | 2007-04-30 | |
| BUY | | Nokia | NOK-N | 25.250 | Large market share in India and China. If you want to benefit from the wireless growth, this is probably the best way to play it. Price is OK if you are in for a long-term play. | 2007-04-30 | |
| PAST TOP PICK | | Symantic Corp | SYMC-Q | 17.600 | (A Top Pick Jun 15/06. Up 13%.) Has the Norton anti-virus, a consumer product, but also into the corporate client with the acquisition of Veritas. Put through pricing increases and the numbers are looking good. | 2007-04-30 | |
| PAST TOP PICK | | Intel | INTC-Q | 21.500 | (A Top Pick Jun 15/06. Up 20.3%.) Fundamentally undervalued and positioned to do well in both the near-term and long-term. A Buy. | 2007-04-30 | |
| PAST TOP PICK | | Cisco | CSCO-Q | 26.740 | (A Top Pick Jun 15/06. Up 34%.) Still sees 10%-15% upside, but is finding better bargains elsewhere. | 2007-04-30 | |
| DON'T BUY | | Nortel | NT-T | 25.320 | Good management and they're bringing in real processes. Still not positive one at because of both the industry and Nortel's position in the industry. | 2007-04-30 | |
| DON'T BUY | | Zarlink | ZL-T | 2.430 | There are some neat niches in the semiconductor market, but consistency of execution and growth in their market just has not been there. | 2007-04-30 | |
| DON'T BUY | | Open Text | OTC-T | 25.410 | Recently bought Hummingbird. Stock has had a pretty good move. Couldn't see the long-term sustainability of this business. | 2007-04-30 | |
| DON'T BUY | | MEMC Electronic Materials | WFR-N | 54.880 | Silicon wafers. Solar industry has really benefited them. Shortage and high price of “high purity” silicon has created a tremendous run for them. Feels this is a temporary situation. | 2007-04-30 | |
| BUY on WEAKNESS | | Amazon.com | AMZN-Q | 61.330 | Just had a very strong quarter. You have to believe in some pretty lofty growth to consider this at this time. Would look for a 10%-15% downside before buying. | 2007-04-30 | |
| DON'T BUY | | Baidu.com | BIDU-Q | 121.580 | A Chinese Yahoo and Google. He prefers the western names. Volatile. | 2007-04-30 | |
| DON'T BUY | | Ericsson LM Telephone | ERIC-Q | 38.170 | One of the better providers of networking hardware gear, but there are just now slam-dunks in this part of the market right now. | 2007-04-30 | |
| BUY | | Citrix | CTXS-Q | 32.600 | The innerface when you log in to a network. Have done a great job partnering with Microsoft (MSFT-Q) and are well entrenched. virtualization is now the trend of the networks. | 2007-04-30 | |
| DON'T BUY | | Alcatel-Lucent | ALU-N | 13.250 | The challenge is how much spending will be done in this area. It will be tough. You want better visibility on this market than what there is now. | 2007-04-30 | |
| DON'T BUY | | Apple | AAPL-Q | 99.800 | Earnings were pretty good. Guidance was down a little. Have had great success, but their history is not won of continuing successes. Not a good entry point. | 2007-04-30 | |
| BUY | | Sprint Nextel | S-N | 20.030 | Likes the upside from here. Considered the ugly stepsister in the wireless in the US. Has a highly consistent free cash flow stream. Good for the long-term. | 2007-04-30 | |
| Comment | | Akamai Technologies Inc. | AKAM-Q | 44.080 | Doesn't know a lot about this one. Buying on dips is a good way of going, but make sure the company is making real money and that there is tangible growth in the cash flow. | 2007-04-30 | |
| TOP PICK | | Western Digital | WDC-N | 17.480 | The storage market is a great opportunity and the industry has consolidated. Good value. | 2007-03-22 | |
| HOLD | | Advanced Micro Devices | AMD-N | 13.350 | There is good value in this company. Have really developed some strong products. New management is good. Intel (INTC-Q) is the leader and it will be their game for a little while and he would prefer them, but this stock will give you a good long-term return. | 2007-03-22 | |
| BUY | | Microsoft | MSFT-Q | 28.270 | Continues to have a very strong product roll out. Tons of cash. Buying back stock. Still quite a bit of upside. | 2007-03-22 | |
| BUY | | Cisco | CSCO-Q | 26.370 | They have done nothing but execute consistently. Tons of cash. Buying back stock. | 2007-03-22 | |
| PAST TOP PICK | | Intel | INTC-Q | 19.160 | (A Top Pick July 10/06. Up 5.4%.) Still likes. Expects a lot more upside. | 2007-03-22 | |
| PAST TOP PICK | | Maxim Integrated Products Inc. | MXIM-Q | 31.330 | (A Top Pick July 10/06. Up 7.8%.) Is still buying in the $30's. Good long-term hold. | 2007-03-22 | |
| PAST TOP PICK | | Symantic Corp | SYMC-Q | 17.170 | (A Top Pick July 10/06. Up 14.2%.) Made a big acquisition of a storage software company giving them depth to build their corporate customer. | 2007-03-22 | |
| TOP PICK | | Johnson & Johnson | JNJ-N | 60.860 | Feels you can get a double-digit return out of this one. Good opportunities for earnings improvement. Good price. | 2007-03-22 | |
| TOP PICK | | Dell Computers | DELL-Q | 22.930 | Have had some problems but as more bad news comes in, the stock has not gone down further. The most cost effective managers in that space. At the bottom and ready to turn around. | 2007-03-22 | |
| DON'T BUY | | Flextronic International | FLEX-Q | 11.080 | EMS is an area that he has been shy of. If you were going to get in, you would have to get in on the dips. There is plenty of value in other areas of technology. | 2007-03-22 | |
| DON'T BUY | | Motorola | MOT-N | 17.500 | The razor phones were very hot, which is why stock did so well. However, that was last year's product and you don't buy a stock because of one hot product. They just warned on earnings creating a further drop. They have a lot more work to do. | 2007-03-22 | |
| DON'T BUY | | Research In Motion | RIM-T | 158.150 | Very good company but have competition coming. Their main job is delivering secure e-mail services and the handset is more of a sideline, but they have developed a very good product that is popular. Currently they are fully valued. Just sold his holdings recently. | 2007-03-22 | |
| Comment | | IBM | IBM-N | 95.190 | Probably around fair value now which gives a return of 8%-9%. You can buy at around $90. It won't give you double-digit returns but it will be solid. | 2007-03-22 | |
| DON'T BUY | | Cinram | CRW.UN-T | 24.190 | They are the printers of CDs and DVDs. The long-term trend of that business is declining. There'll be more and more of this business done through the Internet. | 2007-03-22 | |
| HOLD | | Hewlett-Packard Co | HPQ-N | 40.450 | Was a great value play in the $20 area. Good company and very diversified. Expect you will make a 9%-10% return. | 2007-03-22 | |
| DON'T BUY | | Certicom | CIC-T | 4.670 | This is a company that has been able to make cash in certain periods of time, but the consistency of execution has not been attractive to him. | 2007-03-22 | |
| DON'T BUY | | Nortel | NT-T | 28.510 | It is a very tough end market. Good management team. Still a lot of question marks. | 2007-03-22 | |
| WEAK BUY | | EMC Corp | EMC-N | 13.530 | Storage space is a great sector. He owns Dell (DELL-Q), which is in partnership with EMC. This is probably a decent buy, but not a screaming one. | 2007-03-22 | |
| BUY | | Sandisk Corp | SNDK-Q | 43.500 | Flash memory is going to continue to be strong. Owns a lot of patents. Have very strong retail presence. Very innovative. | 2007-03-22 | |
| DON'T BUY | | Sierra Wireless | SW-T | 16.390 | Getting some contracts, but the market has learned that it is never as good as it seems to be so stock is weak. Too questionable for him. | 2007-03-22 | |
| DON'T BUY | | Oracle | ORCL-Q | 18.490 | Have been extremely acquisitive. It seems they have been able to integrate the acquisitions quite effectively in the last couple of quarters and the numbers are starting to bear out. At this price, he doesn't feel you are getting rewarded for taking the risk. | 2007-03-22 | |
