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  About Zacks Featured Experts  To be a successful investor you need professional advice. Experts who know what they're talking about and can help you achieve your financial goals in good markets...and especially in bad ones will help you improve your portfolio. That is why Zacks Investment Research has assembled the best investment experts in the business to offer their powerful advisory newsletters to you on all the major investment topics: Stocks, Mutual Funds, Bonds, Options, Futures etc.  Recommendations from Featured Experts Highlighted in FREE Investment Newsletter  The best way to tap into the powerful advice from these experts is through our free weekly e-mail newsletter, "Profit from the Pros". Each week we highlight several Featured Experts in this free e-mail newsletter. Get your free subscription to "Profit from the Pros" at: http://at.zacks.com/?id=86  About Zacks  Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 to compile, analyze, and distribute investment research to both institutional and individual investors. The guiding principle behind our work is the belief that investment experts, such as brokerage analysts and investment newsletter writers, have superior knowledge about how to invest successfully. Our goal is to unlock their profitable insights for our customers. And there is no better way to enjoy this investment success, than with a FREE subscription to "Profit from the Pros" weekly e-mail newsletter. For your free newsletter, visit http://at.zacks.com/?id=87  Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.  Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.  CONTACT: Zacks.com Jason Kissinger, 312-630-9880 x 260 myzacks@zacks.com www.Zacks.com    
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