In this paper, a novel transmission strategy for Mutliple Input Multiple Output Wideband Code Division Multiple Access (MIMO-WCDMA) orientations operating in frequency-selective fading environments is investigated, in terms of overall algorithmic complexity reduction. To this end, Principal Component Analysis (PCA) is employed on the received data matrix, in order to define the significant terms that are taken into account during transmission matrix formulation. According to the presented results, feedback information of only the primary eigenvector of the corresponding covariance matrix of the received data matrix is required, in order to maintain the mean Bit Error Rate (BER) at acceptable levels. In particular, a complexity reduction of up to 10% can be achieved, when comparing BER values derived by the selection of all components of the received covariance matrix during transmission matrix formulation, and the corresponding BER when selecting half of the components. This reduction is maintained to 10%, when considering a realistic four-element antenna design; however, in this case mean BER inaccuracy is further reduced to 1%.