"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.

"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.

"Is Apple ((AAPL) undervalued? We expect the company's earnings to grow at a rapid 24% pace during the next five years," says J. Royden Ward who believe the tech stock meets the criteria for a long-term value investment.

The editor of Cabot Benjamin Graham Value Letter explains, "At 14.7 times our one-year forward EPS estimate, shares are clearly undervalued. Indeed, we consider AAPL to be low risk.

"Apple develops, manufactures and markets personal computers and consumer electronic products. Exciting new products portend continued rapid growth in future years.

"Microsoft (MSFT) recently released its fiscal second-quarter results; we felt results were really quite strong, with solid gains in most segments and good cost discipline," says Geoffrey Seiler.

The editor of Bullmarket.com explains, "If these results were from another company, the stock likely would have gotten a lift. But Microsoft is the Rodney Dangerfield of companies: it doesn't get the respect it deserves.

"Microsoft reported net income of $6.63 billion, or 77 cents per share, compared with $6.66 billion, or 74 cents per share, in the year-ago period. Sales grew by 5% to $19.95 billion from $19.00 billion.

"The growth in hand held devices such as the iPhone and iPad has led to a surge in flash NAND demand," suggests Ian Wyatt.

The editor of Top Stock Insights explains, "As a result, there is a lot to like about component supplier Micron Technology (MU). Last year, the company gained market share and became the world's third-largest NAND supplier.

"Micron had a terrific first quarter financial report. Revenue increased by 28% to $2.2 billion from $1.7 billion in 2010. Operating income also increased by a wide margin, surging to $390 million from $201 million last year.

"Apple (APPL) recently reported quarterly sales and profits that exceeded Wall Street's expectations by a country mile," notes dividend reinvestment expert Chuck Carlson.

The editor of The DRIP Investor explains, "The company's humongous cash haul begs the question -- when will Apple start to pay a dividend.

"Revenue rose 71%, while profits jumped 75% to $6.43 per share, beating the consensus earnings estimate by a whopping $1.03 per share.

"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.

"As consumers continue to upgrade to high-end smartphones, they are paying more and more for each device," says Stephen Leeb.

The editor of The Complete Investor explains, "In turn, this is helping Qualcomm (QCOM), which receives licensing royalty for the average price of the phones running its chips.

"Recently reported earnings were quite impressive. Company sales rose 9.7 percent year over year to $2.95 billion, outpacing consensus estimates of $2.85 billion.

"Our latest featured breakout stock is American Tower (AMT), which recently moved to a new 10-year high," says Leo Fasciocco.

The editor of Ticker Tape Digest, who focuses on stocks breaking out of technical basing patterns, explains, "With annual revenues of $1.9 billion, the company operates wireless communications towers, broadcast communications towers and distributed antenna system networks.

"The firm's wireless and broadcast towers consisted of towers that it owned and towers that it operated pursuant to long-term lease arrangements. They include 20,000 towers in the U.S. and 7,000 towers in Mexico, Brazil and India.

"Qualcomm (QCOM) is benefiting from consumers' continued love affair with mobile phones," notes growth stock specialist Stephen Leeb.

The editor of The Complete Investor explains, "The San Diego-based company licenses mobile technologies to cell phone manufacturers; its royalties rise as phone prices go up.

"In the latest quarter the company beat expectations, and going forward it forecasts strong unit sales and higher average prices as well.

"You may currently use your smartphone for making calls, checking the Internet and snapping the occasional photo; but wouldn't it be convenient if it served as a credit card as well?" asks Dr. Melvin Pasternak.

The editor of Double-Digit Trading suggests, "Sound unreal? It's not. Mobile banking is a new and fast-growing trend. And one company making this possible is VeriFone Systems (PAY).

"Using small chips that emit short-wave signals, banking information can be securely transmitted from your smartphone to the cash register. You can make purchases by simply waving your phone over the store's chip.

"Based on its underlying fundamentals, one company you need to put at the top of your 'Buy' list right now -- InterDigital (IDCC)," says Louis Basenese.

The contributing editor to White Cap Research explains, "The company is a verifiable patent machine. It focuses exclusively on creating technologies for the wireless communications market.

"In my view, no matter what happens to global GDP growth rates, the wireless market will continue to expand and evolve. Meanwhile, the company's fundamentals are top-notch.

"The headline-grabbing iPhone 4 from Apple has generated a lot of buzz, including a wave of interest in Omnivision Technologies (OVTI)," says growth stock specialist Mike Cintolo.

The editor of Cabot Top Ten Report explains, "The company is a designer and manufacturer of tiny cameras that turn smart phones into image recorders. As iPhone sales soar, so does OmniVision, which has been confirmed as the maker of the phone's five-megapixel sensor.