To: LBstocks who wrote (11174 ) 4/5/2000 4:57:00 PM From: Dealer Respond to of 35685
QCOM--Wireless Fund Open to Investors - April 5, 2000; The No-Load Mutual Fund Dedicated to Wireless Technology PR NEWSWIRE - April 05, 2000 12:33 SAN DIEGO, Apr 5, 2000 /PRNewswire via COMTEX/ -- Value Trend Capital Management, LP and Berkshire Capital Holdings, Inc. announced today the launch of Wireless Fund. Wireless Fund is offered as a no-load, open-end mutual fund focused on the Wireless industry. "We are very excited about the wireless industry and see many years of explosive growth ahead. Today more people use cell phones than surf the internet and it is clear that wireless communications is exploding," stated Jeff Provence, co-portfolio manager of the Fund. The registered investment advisor for the Fund is Value Trend Capital Management, LP., headquartered in San Diego, California. Malcolm R. Fobes III, portfolio manager for the Berkshire Focus Fund (BFOCX), will sub-advise Wireless Fund. The Berkshire Focus Fund was Mutual Fund Magazine's 1998 Rookie Fund of The Year with a return of 104% and the top-performing U.S. Large-Cap Growth Fund for 1999 up 142.90%. "From our strategic location in Silicon Valley we have a front row seat to the greatest technological revolution mankind has ever seen. Wireless companies will play a major role in this technology revolution and we want to participate," stated Mr. Fobes. Included in the top 10 holdings you will find Nokia (NYSE: NOK), QUALCOMM (Nasdaq: QCOM), Ericsson (Nasdaq: ERICY) and RF Micro Devices (Nasdaq: RFMD), leaders in the wireless industry. Management is very excited about the companies that make the "behind the scenes" products such as wireless software, wireless semiconductors, and wireless networking products. "There are a handful of component and software companies in the wireless industry that we feel have many years of explosive growth ahead. We refer to these companies as the "sweet spot" companies of the wireless industry. A few of the names we like are CREE (Nasdaq: CREE), Anadigics (Nasdaq: ANAD), VeriSign (Nasdaq: VRSN), Infospace (Nasdaq: INSP) and Silicon Storage (Nasdaq: SSTI)," stated Provence. More information on Wireless Fund can be found at wirelessmutualfund.com Shares of the Fund opened at an initial NAV of $20 per share on Monday April 3. As of the close of business on Tuesday April 4, the NAV was $21.78, up 8.90% since Monday. Wireless Fund is available on many of the major mutual fund supermarkets, including TD Waterhouse, Ameritrade, Accutrade and Amerivest. Wireless Fund will soon be available at Fidelity and Charles Schwab. Because Wireless Fund will not be issued a NASDAQ ticker symbol until it reached $10 million in net assets, please refer to the Fund's CUSIP number 97653D107 when communicating with a broker. Shares of Wireless Fund may also be purchase directly form Wireless Fund by visiting the web site at wireless-fund.com and printing out the online application. The new prospectus and account application for Wireless Fund are posted at the Fund's website at wireless-fund.com . For more information, please call 1-800-590-0898. Please read the prospectus carefully before you invest or send money. Past performance is no guarantee or indication of future results. SOURCE Value Trend Capital Management, LP