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AmTech's Top Fundamental Technology Stocks (CNQR, MELI, MFE, MPWR, QCOM, RIMM, VRSN)
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American Technology Research has issued a research report going into earnings season called "Our Best Dozen Fundamental Picks." AmTech believes investors already expect a disaster but that the current business climate isn’t as bad as some argue. While the firm believes that many companies will guide expectations lower or will be very cautious, some will continue to outperform their peers. We have broken out the technology companies in an individual piece today and some very brief commentary from AmTech is outlined below.
Concur Technologies, Inc. (NASDAQ: CNQR) was called "Strong Execution and Compelling Product Cycle for T&E Leader"
Mercadolibre, Inc. (NASDAQ: MELI) is AmTech’s "Broad Play on Latin American eCommerce with High Profit Growth"
McAfee, Inc. (NYSE: MFE) is its data play as "Improving Execution, Share Gains and Ratable Model in Resilient Security Space"
Monolithic Power Systems Inc. (NASDAQ: MPWR) is its "Best Small-Cap Semi Share Gainer"
QUALCOMM Inc. (NASDAQ: QCOM) is AmTech’s "Clean Play on 3G Wireless with to 4G Royalties"
Research In Motion Ltd. (NASDAQ: RIMM) is its "Leading the Biggest Growth Opportunity in Large-Cap Tech"
VeriSign Inc. (NASDAQ: VRSN) is its web pick as "Core Businesses Among the Least Sensitive to the Macro Economy"
Again, the comments provided here are excerpts from AmTech’s in-depth research call. You can also see the summaries in ALTERNATIVE ENERGY and in INFRASTRUCTURE & DEFENSE.
Jon C. Ogg
October 13, 2008
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