Zacks.com Announces That Bill Martin and Matt Ragas Highlight

the Following Stocks: RedEnvelope, Powerwave Technologies, and DoubleClick 
Business Editors
CHICAGO--(BUSINESS WIRE)--July 2, 2004
The first Fed rate hike in four years had little
dramatic effect on Wednesday's market. No matter how future rate
increases impact the environment, Bill Martin and Matt Ragas can keep
you on the profitable path with their extensive market and stock
information. Read about RedEnvelope (NASDAQ:REDE), Powerwave
Technologies (NASDAQ:PWAV), and DoubleClick (NASDAQ:DCLK). Bill
Martin and Matt Ragas are the editors of the FindProfit newsletter.
Click here for the full story exclusively on Zacks.com:
http://at.zacks.com/?id=84 
Here are the highlights from the Featured Expert column: 
A New Twist in the RedEnvelope Saga from the evening edition on
June 30 
Based on a new 13D filing that crossed the tape Wednesday morning,
RedEnvelope (NASDAQ:REDE) co-founder and director Scott Galloway has
teamed up with some other REDE shareholders to try and shake things up
at the company. In the filing, the group says that ``certain changes``
at REDE ``may be necessary to enhance the value`` of their investment
and that it believes the firm`s recent financial results ``have been
disappointing.`` The group went on to say that it believes current
management strategy and oversight by the board of directors ``has been
ineffective.`` 
Apparently, Bill and Matt were not the only ones who were badly
disappointed by REDE's poor financial performance last holiday
shopping season. They like seeing some large REDE shareholders,
particularly people who used to run this business, rattling the
company's cage and looking to shake things up. 
Wall Street Waiting for PWAV to Execute 
The going has been slow of late for wireless infrastructure
provider Powerwave Technologies (NASDAQ:PWAV). Weighing on the stock
are concerns about the company's ability to execute in the wake of its
merger with European competitor LGP Allgon, and that's what led Credit
Suisse First Boston to initiate coverage of PWAV with an
``underperform`` rating. CSFB is basically saying that the company has
to bring home the bacon come earnings time over the next 2-3 quarters
to quell execution fears. However, where CSFB sees more downside than
upside, Bill and Matt see the reverse. It's worth noting that CSFB was
also rather bearish on PWAV`s main competitor Andrew Corp.
(NASDAQ:ANDW). 
Bill and Matt continue to believe that PWAV is undervalued and
that the LGP Allgon deal will reap rewards for the company. The deal,
among other things, has helped PWAV to mitigate its exposure to Nortel
Networks (NYSE:NT) - which is presently embroiled in an accounting
scandal - and should create cost and sales synergies that will enable
the company to boost sales and improve margins. 
Goldman Comments on DCLK and Ad Serving 
Bill and Matt wanted to share some brief comments on a short
research note that Goldman Sachs put out on the future of ad serving
and DoubleClick (NASDAQ:DCLK), which drew some subscriber questions.
In the note, well-respected Goldman Internet analyst, Anthony Noto,
said he believes that the ``online ad serving business will become
increasingly commoditized`` and that he ``sees the potential for ad
serving to eventually be given away for free or near free." DCLK is of
course a long time holding in the long term growth Tiger Woods
portfolio. 
While Bill and Matt respect Noto`s work, the threat of
commoditization to DCLK`s ad serving product is hardly new and is
already pretty widely known. While players like Google could
negatively impact DCLK`s ad serving business some at the margin, DCLK
has been moving for the past few years now (organically and via
acquisitions) to layer additional tools and services (analytics,
campaign tracking, data management etc) around its DART product and to
diversify its revenue streams. 
Bottomline, DCLK is of course competing in a competitive and
growing space and could fumble the ball further (i.e. its latest
investments and acquisitions don't pay off), but the recent Goldman
note doesn't change their bullish view of the stock down at this
level. 
Learn more about the above mentioned companies, and make sure to
get Bill Martin and Matt Ragas' analysis on a daily basis, by
clicking: http://at.zacks.com/?id=85 
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