phone stocks and quality I-nuts: -
FON - Sprint - waiting for takeover bid from WCOM, also BIZWeek article that BLS (Bellsouth) might big for Sprint. Lets throw in BT and DT (British Telecom and Deutsch Telecom). FON is in play and think will wind up going for 65-70, currently 57.
BEL - Bell Atlantic, likely to get approval to offer LD in NYS. opening of the floodgates. SBC right behind it. Both are attractive. USW remains a cheap QWST surrougate. HYPT- Adlac Communications System, currently still called Hyperion Telecom, been acting very nice on its break above 20, has held 24 area beautifully. Think is going to explode to 35-40 real soon
Quality I-nuts - have been and remain AOL, YHOO, and CMGI. AOL showing great rebound off of low 80's, looking to 120-140, IMO. If there is a deal fot ATHM that gives AOL broadband, lookout above. The key for AOL was MSFT RAISING its ISP fee, rather than engaging in price war. I think this whole free ISP thing is baloney and will fade away soon. you get what you pay for. If I was an advertiser, I'd want AOL's 18 MM eyeballs.
YHOO is the best situated portal, and has the tie-ins and links and advertising and EYEBALLS.
CMGI has enunciated a clear and agressive internet strategy. They will be launching the new AV (Alta Vista) portal, doing an IPO on it, and will use AV as a springboard for its many Internet properties. Also they have recently bought advertising companies using their stock, rather than their traditional incubator philosophy. This is a new CMGI and think will go lot higher.
ATHM - certainly in play, not sure how much higher it will go.
AMZN, EBAY, ETC - who knows.
good luck. do your own DD. larry |
