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Technology Stocks : Xylan
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To: Gary Korn who wrote (3398)11/10/1998 12:08:00 AM
From: BomboochaBoy   of 4135
 
Small-Cap Funds With Momentum

SmartMoney story today.

smartmoney.com

By Deborah Lorber

... Another new fund in our group is Scudder 21st Century Growth -- which is down 2.8% year-to-date, but up an astounding 34.5% for the past four weeks. With under $30 million in net assets, the fund clearly has no trouble moving in and out of small-cap stocks. Like Marty Whitman, Scudder portfolio manager Peter Chin likes the outlook on semiconductor stocks. Roughly half the fund's technology allocation is in semiconductor and data communications stocks, like top 10 positions Xylan (XYLN) and Vitesse Semiconductor (VTSS). With these two stocks up more than 50% in the last four weeks, Chin concedes that there's been a comeback. But he expects the appreciation to continue. "All they've done is snapped back to where they were, and we liked them where they were. There's no reason they can't continue to move up," he says. Chin expects both companies to have sustainable growth rates of at least 30% over the next few years.

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