Twelve Tech Stocks for the Next Ten Years
Robert Walberg
Updated: 03-Dec-99 05:44 ET
[BRIEFING.COM - Robert Walberg] December is not only the biggest shopping month of the year, but it is also the biggest month for list making. There's the holiday wish list; the new year's resolutions list; the lists of year's best movies, songs, athletic moments, etc; and, of course, in our business, the list of top stock plays. Though common sense tells us to leave the crystal ball stuff to Jean Dixon and the Psychic Network, we can't help ourselves. So today, Briefing.com embarks upon the ambitious task of identifying twelve technology stocks that will not only lead the technology revolution into the next millennium, but will reward investors with superior long-term gains...continued
The Big Boys - Market Caps Over $100bln
America Online (AOL) Along with Yahoo! (YHOO) company is the top branded site on the Net, and by now it's too late for newcomers to knock them from their perch... In selecting between the two, our strong belief in Steve Case and AOL's superior financials won out... International expansion, growth in ad revenues, e-commerce potential and huge subscriber base all point to continued success.
Cisco Systems (CSCO) Here's an example of a tech titan that isn't cheap... But investors more than willing to pay a premium price for this networking giant given predictably robust top- and bottom-line growth... And John Chambers has proven time and time again that he understands the business better than his competitors... Considering the explosive growth of the Net and demands it has placed on upgrading the telecom infrastructure, CSCO well positioned to sustain its eye-popping growth for years to come.
MCI/Worldcom (WCOM): The leading telecom services company in the world today, and if it receives FCC approval of its Sprint (FON) acquisition, it will cement that position for the foreseeable future... Company's just beginning to leverage diverse product offerings into rapid earnings growth... Though integration of FON will take time, management has proven that it knows how to get the most from its many acquisitions.
Sun Microsystems (SUNW): While we aren't certain whether company can sustain its current momentum throughout the decade, no doubt they are hitting on all cylinders at the moment... And McNealy is one of those guys you just don't bet against... As long as he remains at the helm of this ship, Briefing.com expects SUNW to dominate the fast-growing server market... Company's services and storage revenues also ramping up nicely. |
