Twelve Tech Stocks for the Next Ten Years
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.
Sustaining success over a ten year period is a difficult task for any business, but especially so in the rapidly changing technology sector. Consequently, the top criterion for inclusion in the list was quality management. We also looked for companies with a history of rapid sales growth, industry dominance, proprietary technologies and/or explosive industry growth potential. Company financials also played an important role in the decision making process. Given the lengthy time horizon we placed less emphasis on "value."
We then took these criteria and applied them to the assumption that technology is moving from being PC-centric to Net/Communications-centric. This helps explain why companies which dominated the 90s such as Dell (DELL), Intel (INTC) and Microsoft (MSFT) didn't make our list, even though they met most, if not all, of the standards. But let's not waste any more time talking about who didn't make the grade, and let's turn our attention to the dozen companies who, like Chuck Yeagger, have the right stuff. |
