I'm just guessing here, but since spring and summer are generally a softer time for tech stocks, the Compaq/Motorola/Intel announcements will pretty much ensure it happening again in 1998.
I think there are plenty of places to make money in technology during this period, though, even if the desktop area, semiconductors, and the wireless areas are suffering for a while.
Internet service stocks are for real regardless what you bears think (StaggerLee refuses to get a grip on this even when pointed directly to a credible source for the information which he seems to ignore. Really dumb thing to do), because (for the last time) the Internet services area is a backfill opportunity. Yahoo, AOL, Cendant...
Enterprise software like Siebel and CA (which got beaten down because of their CSC bid.)
Telecommunications services like Pacific Gateway Exchange, Winstar Communications, and @Home. Telecom infrastructure like Lucent, Tellabs, Uniphase, perhaps Cisco and 3Com but they have more corporate desktop exposure.
Even desktop software. Microsoft is no sale IMO. Electronic Arts has just broken out of a 2-year consolidation and is the prime beneficiary (besides Microsoft and Internet services) of cheap PC's.
Then there's medical technology. The best name has been Guidant. I also own a little stock named Cyberonics which has a chart that looks like Iomega in the early months of its move. They're facing an incredible billion-dollar business opportunity with their implantable (and approved) device for stopping epilyptic seizures. Apparently they can't make them fast enough.
Lastly, I think one of the great buying opportunities is unfolding in the semiconductor capital equipment stocks like Applied Materials, ASM Lithography, Novellus, PRI Automation, Asyst, and Cymer. |
