"Marvell Technology (MRVL) delivered disappointing results for its fiscal Q4 2011 (ended January 2011), as well as even more disappointing guidance for its fiscal first quarter," notes tech sector expert Paul McWilliams.

The editor of Next Inning newsletter continues, And to make matters worse, it had one of the poorest conference call presentations that I've ever heard from a major semiconductor company. Nevertheless, we are adding to our position. Here's why.

"Despite the stomach churning volatility that we've seen recently with Towerstream (TWER), nothing has really changed regarding the firm's bullish outlook," says tech expert Paul McWilliams.

The editor of Next Inning newsletter explains, "Towerstream provides enterprise WiMax broadband services. Its base model is growing fairly steadily and should continue to do so going forward.

"Since there is very little new capital cost that has to be invested in this model, the marginal profit from this growth is very high. Therefore, time is on our side when it comes to making money from the base model.

"QuickLogic (QUIK) recently reported fourth quarter revenue slightly below its revised guidance, and forecast that Q1 new product revenue would be down roughly $100K," notes tech sector specialist Paul McWilliams.

In his Next Inning newsletter, he explains, "Both are clearly disappointing pieces of news. However, as I see it, the disappointment ends there, and I continue to own these shares.

"The semiconductor company makes products that enable customers to add new features, extend battery life and enhance images on mobile and consumer products.

"MIPS Technologies (MIPS) fell sharply after announcing its quarterly results; nevertheless, we think the long-term bullish thesis is intact," says tech sector specialist Paul McWilliams.

The editor of Next Inning explains, "It appears that Wall Street is focusing on slicing and dicing pennies rather than taking time to understand the story. Here's our assessment.

What we want from MIPS are license deals in its focus market (it signed three new licenses in the mobile sector last quarter), increasing unit royalties (it reported royalty on a record 173M units, up from 157M last quarter and 126M one year ago).

This post is one in a series in which more than 60 newsletter advisors share their Top Stock Picks for 2011. This special report is courtesy of TheStockAdvisors.com.

"Marvell Technology Group (MRVL) clearly fits the bill of a stock that is currently unloved by Wall Street." says tech guru Paul McWilliams.

The editor of Next Inning explains, "As a matter of a fact, there's not much at all that Wall Street likes about the company. Nevertheless, I would choose this as one of my favorite stocks for the coming year.

This post is one in a series in which more than 60 newsletter advisors share their Top Stock Picks for 2011. This special report is courtesy of TheStockAdvisors.com.

"PMC-Sierra (PMCS) is a top speculative investment for the coming year," says tech sector specialist Paul McWilliams. Incidentally, Paul's selection of EZChip in last year's Top Picks report rose 135%.

Regarding his new top pick, the editor of Next Inning says, "PMC Sierra is a leader in integrating more functions into a single chip.

"Last September, when former Hewlett-Packard CEO Mark Hurd joined Oracle (ORCL), I raised by target to the mid-$30s; now, I am raising my stock price target to the $35 to $40 range for 2011," says tech stock specialist Paul McWilliams.

The editor of Next Inning explains, "With its acquisition of Sun Microsystems, ORCL signaled it was entering the enterprise 'Ecosystem' business.

"Even though ORCL is a world leader in the enterprise software business, to move from there to a viable Ecosystem model is a bold move.

"Intel (INTC) is moving into what I've described as the 'middle-markets; for processors; these markets include all sorts of mobile computing devices (smartphones, smartbooks, tablets, etc.) as well as a host of emerging 'connected devices'," says technology stock guru Paul McWilliams.

The editor of Next Inning explains, "Connected devices include stuff like TV, Blu-Ray players, Set-Top-Boxes, etc. that provide some level of computing power as well as Internet connectivity.

"With the uber-ambitious Ellison and Hurd now paired, I think the safe bet is we're going so see Oracle (ORCL) make some major moves (yes, probably more than one major acquisition)," suggests tech sector expert Paul McWilliams.

The editor of Next Inning explains, "After all, even without Hurd at his side, Oracle founder, Larry Ellison has been an aggressive buyer and now with Hurd on board I think the appetite could become ravenous.

"I think its probably a good idea to start thinking about what Oracle might do next.

"Since being unceremoniously tossed overboard by Hewlett Packard (HPQ), the company he resurrected, Mark Hurd was tarred and feathered by the media; now Hurd has accepted a position at Oracle (ORCL); we view this bullishly and recommend the stock," says Paul McWilliams.

The tech sector expert and editor of Next Inning explains, "The media was not only quick to condemn Hurd for his conduct with a female contract worker, for which no criminal charges have been filed, it also conjured reasons to suggest Hurd was an ineffective CEO for Hewlett-Packard. Of course, these media pile-ons were long on adjectives and short on nouns and verbs.

"Two downgrades were just issued for Intel (INTC); these downgrades are based on the contention that, in so many words, INTC will fail to realize its revenue guidance for its third quarter," says Paul McWilliams, adding, "But I think that these analyst will be proven wrong."

The tech sector specialist and editor of Next Inning explains, "Revenue estimates provided by these analysts for all of the last five quarters have been less accurate than what you would expect if you simply pulled random numbers from a fruit jar. And, in each case, their estimates have radically underestimated INTC's performance.

"When Apple, Inc. (AAPL) was the soft cuddly underdog, everyone loved them and rooted for the company's success and, just like when the Boston Red Sox finally won the World Series, it was easy to be an AAPL fan as the company triumphed," suggests Paul McWilliams, who offers a bullish review of the stock prior to its earnings release after the market tomorrow.

The technology specialist and editor of Next Inning newsletter explains, "However, now that AAPL has won a position near the top of the world in both its markets and for the valuation awarded by the stock market, everything AAPL does is viewed with new and critical scrutiny.

"Indeed, Steve Jobs has fought and slain more dragons than I can count since founding Apple some 34 years ago.

"Jobs certainly didn't win all the battles. In the early years, he lost a number of the more important contests. However, he learned from his defeats and upon returning to AAPL earlier this decade, has proven himself to be the consummate Alpha warrior.

"It was interesting to watch the pundits react to the iPad recently; even though none of them had used or even really understood the product, it seemed as though no one liked it following its first introduction," notes tech expert Paul McWilliams in his just-released review of the new tech device from Apple (AAPL).

In his Next Inning newsletter, he explains, "Of course, this was similar to how the pundits first reacted to the iPod when it was released. As the pundits trashed the iPad following its release, I reminded readers about the iPod story and predicted we would see the pundits about face and the stock price run up ahead of the product release."

This post is part of a special report, Top Picks for 2010, the 27th annual survey in which TheStockAdvisors.com asks the nation's leading advisors for their single favorite stock for the new year. See all 80 stocks listed here.

"EZchip Semiconductor (EZCH), a fabless semiconductor company that specializes in network processors, is my top pick for the coming year," says technology sector guru Paul McWilliams.

In his Next Inning newsletter, designed for sophisticated tech investors, he suggests, "I think the upside potential here in 2010 and beyond is significant.

Paul McWilliams was one of the few to not be surprised by the upside surprises in recent quarterly earnings reports from Intel (NASDAQ: INTC), as he has been consistently more bullish than others on Wall Street.

In his Next Inning, the tech stock specialist -- who personally owns a position in the stock -- offers a detailed and in-depth review of the firm's latest results and outlook.

"For the first time in what now seems like at least a year, not a single analyst on the Intel conference call asked about whether netbook sales were 'cannibalizing' notebook sales.