Tulipomania Blowoff Contest: Why and When will it end? Message Board

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Non-Tech : Tulipomania Blowoff Contest: Why and When will it end?

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Jun 26 5:00 PM EST

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To: Sir Auric Goldfinger who wrote (2091)	10/22/1999 5:19:00 AM
From: EL KABONG!!!	of 3543

Bellwethers beat Internets on long-term pick list NEW YORK, Oct 21 (Reuters) - Despite the hype, Internet stocks may prove to be a poor long-term investment compared with larger, more profit-prone bellwethers like Cisco Systems (NasdaqNM:CSCO - news) and Microsoft Corp. (NasdaqNM:MSFT - news), suggests a survey by a consulting group at Salomon Smith Barney. The report shows that money managers overwhelming hold Cisco as their top stock pick among companies to own for the next 20 years. Following the world's largest computer networking equipment maker on the list are Nasdaq big boys Microsoft and Intel Corp. (NasdaqNM:INTC - news). Big Board-listed General Electric (NYSE:GE - news) and AT&T Corp. (NYSE:T - news) also placed high on the list. On the other end, four of the five absolute worst stocks to own for the next 20 years are the big name Internets, the Salomon survey said. Online retailer Amazon.com Inc. (NasdaqNM:AMZN - news) was the hardest hit with 34 percent of all money managers' votes as the No. 1 worst. The survey pegged America Online Inc. (NYSE:AOL - news), eBay Inc. (NasdaqNM:EBAY - news) and Yahoo! Inc. (NasdaqNM:YHOO - news) as the other Internets at the top of the overall worst list. Money managers also said they don't think computer problems revolving around the year 2000 will have a significant impact on stock markets. Salomon said almost a third of survey participants think the potential Y2K problems have already been factored into the market. The investment firm's quarterly survey was developed to identify trends and attitudes in the industry that may have an affect on the market, said Frank Campanale, president of Salomon Smith Barney Consulting Group. KJC

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