Semiconductors and the tech industry as a whole seem to have weathered the recent market correction fairly well. In fact, the Semiconductor HOLDRs Index (SMH:AMEX) is up 9.98% over the course of 2007 -- much better than can be said for the current 6.93% gain on the Dow or the measly 3.39% on the S&P 500.

Technically, the SMH index is extremely strong, maintaining its support above its 200-day Moving Average. According to market research firm IDC, computer growth -- which is, of course, the major impetus of semiconductor component growth -- should enjoy double-digit increases through 2009. So the SMH should have a brilliant few years.

Specifically, a new semiconductor cycle is occurring. It involves a two-step process: the introduction of  new semiconductor chips one year, and faster versions of it the next.

I’m currently working on the next issue of Diligent Investor, which will focus on one specific undervalued semiconductor company that has received the seal of approval from one of the largest groups of known early technology adopters. Best of all, the company’s single-chip solution to delivering loads of information at faster rates while keeping battery power consumption low is situating itself as the next leading component maker in wireless communication technology.

I’m releasing this newest pick in the next few weeks… and hope that you’ll get onboard.

One of the last companies to receive the special seal of approval from this small group of tech gurus saw its stock jump 900% in the matter of three years.

This stock could very well do the same…

Ann Sosnowski
Editor, Diligent Investor

 

The $2 Billion Cure: A 21st-Century Medical Miracle and How Early Investors Could Have the Chance to Make 355% in the Next 24 Months…

A small medical company has the exclusive technology to bring this discovery to the market. The company’s stock price has already doubled in the first six months of this year, and I’m certain you could see it climb to $50 in the next 24 months. That’s a gain massive enough to turn every $5,000 invested into $17,750.  But to bank this type of gain, you’ll have to act quickly. In fact, if you don’t own shares of this small company by Oct. 1, 2007, you could miss out altogether. Read on now to learn more...

 

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