St Jude is in a mess of a situation now and MDT is going the opposite direction. At some point St Jude maybe a good buy but until the cost of the Valve recall is determined I would not touch it. But it would be a good discussion as to when it is a good buy.
Well now back to MDT. This came out today.
Good luck to all and lets hope earnings are good Wed and we have upward revisions on Thursday.
Mike
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Oracle, Nokia Among Money Managers' Top Picks Through 2010
New York, Feb. 20 (Bloomberg) -- Oracle Corp., Nokia Oyj and Cisco Systems Inc. are among the 10 stocks recommended by money managers to hold through the decade, the New York Times reported.
The paper interviewed ten money managers, each of whom named the stock he or she would hold through the year 2010. The stocks are varied, ranging from software and technology to media, medical and apparel firms.
Oracle, the No. 1 maker of database software, is ``morphing into the software company of the Internet,' John Ballen, chief investment officer at MFS Investment Management Inc., told the paper. ``And that is going to be a place you want to be for the next 10 years.'
Cellular telephone-maker Nokia has ``stayed well ahead of the curve in telecommunications and cell phones,' said Laszlo Birinyi, president of Birinyi Associates Inc. ``These people have the ability to come out with new products.'
Liz Ann Sonder, a managing director with Campbell, Cowperthwait & Co., said shares of fiber-optics products maker JDS Uniphase Corp. could benefit because the fiber optic component business is expected to quadruple in size over the next three years. ``It is the marriage of a great company and great management with great industry fundamentals,' Sonder told the paper.
Singapore-based Flextronics International Ltd., a contract manufacturer of cell phones and circuit boards, is the ``Manufacturing Inc. for the technology world,' said Roger McNamee, general partner at Integral Capital Partners.
Internet equipment-maker Cisco Systems Inc. has made 50 acquisitions since 1993 in areas relevant to its business, said Robert Turner, chairman of Turner Investment Partners. ``That shows to me they are paying attention to where the market is going.'
Zee Telefilms Ltd., India's most popular television broadcaster, is ``one of the best ways to play India as a consumer force,' said Justin Thomson of T. Rowe Price Associates Inc. He said the company will benefit from advertising spent in that market, and is well positioned in several areas including the Internet.
``We need more and more dental care, not only in the U.S. but worldwide,' said Bill Nasgovitz of Heartland Value Fund who picked Henry Schein Inc., a global distributor of dental and health car supplies. Revenue could increase by 15 percent annually through the decade, Nasgovitz said.
George Mairs, president of Mairs & Power Inc., chose medical device company Medtronic Inc., the fund's second-largest holding. ``They have an exceedingly strong franchise -- one that is so strong that they have added to their product line by buying other companies,' Mairs said.
Waste Management Inc. is a top choice of Bill Miller of Legg Mason Inc., who says the company has a good business model and no Internet, currency or technological risk.
Jones Apparel Group Inc. is a ``well-run company,' said Ralph Wanger, manager of the Acorn Fund. ``I think women will be wearing clothing 10 years from now, and Jones Apparel will be making their fair share of those clothes.'
Feb/20/2000 17:28
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