Innovation Index Group makes the following BUY recommendations for the Top 20 Innovators of The Innovation Index with Target Price for Q4, 2008:
| The Top 20 Innovators | Ticker | Recommend | Closing Price | Target Price |
| APPLE INC | AAPL | BUY | $126.61 | $235 - $250 |
| AMERICA MOVIL | AMX | BUY | $58.84 | $80 - $85 |
| AMAZON INC | AMZN | BUY | $68.22 | $95 - $100 |
| BEST BUY INC | BBY | BUY | $40.01 | $55 - $60 |
| COSTCO WHOLESALE CORP | COST | BUY | $60.86 | $75 - $80 |
| CISCO SYSTEMS INC | CSCO | BUY | $24.32 | $30 - $35 |
| EBAY INC | EBAY | BUY | $26.25 | $35 - $40 |
| GENERAL ELECTRIC CO | GE | BUY | $33.82 | $40 - $45 |
| GOOGLE INC | GOOG | BUY | $437.92 | $675 - $745 |
| HEWLETT PACKARD CO | HPQ | BUY | $45.92 | $58 - $63 |
| IBM | IBM | BUY | $115.23 | $120 - $125 |
| INTEL CORP | INTC | BUY | $20.66 | $27 - $32 |
| MCDONALDS CORP | MCD | BUY | $54.78 | $64 - $69 |
| 3M CO | MMM | BUY | $77.53 | $94 - $99 |
| MERCK & CO INC | MRK | BUY | $41.34 | $58 - $63 |
| MICROSOFT CORP | MSFT | BUY | $27.96 | $38 - $43 |
| NIKE INC | NKE | BUY | $59.96 | $77 - $82 |
| PROCTER & GAMBLE CO | PG | BUY | $66.74 | $79 - $84 |
| RESEARCH IN MOTION LTD | RIMM | BUY | $101.69 | $135 - $145 |
| AT&T INC | T | BUY | $35.03 | $43 - $48 |
| The Innovation Index | 93.62 | |||
| Closing Price - 03-14-08 | ||||
| Target Price - Q4, 2008 |
Innovation Index Group BUY recommendations and price targets for RIM and IBM have been achieved before Q4, 2008.
Innovation Index Group makes the following recommendation updates for RIM and IBM for Q4, 2008:
On Mar 14, 2008, the recommendations were:
| IBM | IBM | BUY | $115.23 | $120 - $125 |
| RESEARCH IN MOTION LTD | RIMM | BUY | $101.69 | $135 - $145 |
On May 12, 2008, the updated recommendations are:
| IBM | IBM | HOLD | $125.24 | $132 - $137 |
| RESEARCH IN MOTION LTD | RIMM | BUY | $141.97 | $155 - $175 |
About Innovation Index Group:
Innovation Index Group, Inc. is a new investment management company focused on systematically identifying, tracking and investing in the most innovative publicly traded companies in North America – collectively called the Innovation Index. We have developed the Innovation Index Fund, LLC as our first vehicle to invest in the Innovation Index. Over the past six years, the Innovation Index would have generated a gross average annual return of 40% based on historical model.* The Innovation Index returned 66% in 2007, and the Innovation Index Fund is up 10% in 2008 (May 12, 2008 market close).*
Innovation Index Group, Inc. and Innovation Index Fund LLC are registered California Corporations, and member of the Irvine Chamber of Commerce in Orange County. Further, Innovation Index Fund LLC is a private placement investment partnership organized under the California state regulations.
The Innovation Index Reports:
Invest in The Innovation Index - Innovation Index Fund tracks The Innovation Index
The Innovation Index closes 2007 at 66% - 2007 Annual Report on the Innovation Index
Top 50 Innovative Companies in the world - 2007 Report on Top 50 Innovative Companies
Annual Report - Chapter One - Total Innovation Activity - 2006 Annual Report One
Annual Report - Chapter Two - The Top Innovator - 2006 Annual Report Two
Annual Report - Chapter Three - The Innovation Insights - 2006 Annual Report Insights
Innovation and Stock Performance Correlation - The Innovation Index and Stock Performance
About The Innovation Index
The Innovation Index introduced in December 2006 is a weighted stock price index of the top 20 Innovators in
The Innovation Index returned 66% in 2007 based on performance model, and would have returned 174% over the previous five years (2002-2006) based on historical model*. This assumes equal investment in each stock of The Innovation Index as of December 31, 2001. An average of $100 invested in The Innovation Index on December 31, 2001 returned $454 as of December 31, 2007. By comparison, $100 invested in S & P 500 returned 28% or $129, $100 invested in NASDAQ returned 34% or $136, and $100 invested in the Dow Jones Index returned 30% or $131 through December 31, 2007. The Innovation Index beats the S & P 500, NASDAQ and Dow Jones Index by more than seven times over the past six years.*
Alphabetical list of the Top 20 Innovators of The Innovation Index for 2008 and their stock ticker symbols:
3M Company - (NYSE: MMM)
Amazon.com, Inc. - (NASDAQ: AMZN)
America Movil - (NYSE: AMX)
Apple Inc. - (NASDAQ: AAPL)
AT&T Inc. - (NYSE: T)
Best Buy Co., Inc. - (NYSE: BBY)
Cisco Systems, Inc. - (NASDAQ: CSCO)
Costco Wholesale Corporation - (NASDAQ: COST)
eBay Inc. - (NASDAQ: EBAY)
General Electric Co. - (NYSE: GE)
Google Inc. - (NASDAQ: GOOG)
Hewlett-Packard Co. - (NYSE: HPQ)
Intel Corporation - (NASDAQ: INTC)
International Business Machines Corp. - (NYSE: IBM)
Merck & Co., Inc. - (NYSE: MRK)
McDonald's Corporation (NYSE: MCD)
Microsoft Corporation - (NASDAQ: MSFT)
NIKE, Inc. - (NYSE: NKE)
Research In Motion Limited - (NASDAQ: RIMM)
The Proctor & Gamble Company - (NYSE: PG)
The Innovation Index will analyze the positions and standings of the Top 20 Innovators at the end of each year. For 2008, there will be no further changes in The Innovation Index.
Disclaimer: The Innovation Index Group, Inc. invests in the stocks comprising The Innovation Index.*Past Performance Does Not Guarantee Future Results
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