Hi Dorine! Your trip sounds fun! Here is more info from Dan! :)Leigh
Offering more recommendations, Niles asserts, "I think Dell is another one that's going to be a really great performer this year. They had a very disappointing '99 when they preannounced two quarters in a row. I think they've reset expectations now to achievable levels."
The Wall Street Transcript Publishes Outlook for Computer Hardware Report in Robertson Stephens Tech 2000 Conference Issue
NEW YORK, March 3 /PRNewswire/ -- 21 leading analysts and 33 Technology CEOs examine the Technology sector in the latest issue of The Wall Street Transcript 212-952-7433 or twst.com .
In a crucial review of this sector for investors and industry professionals, this valuable 174-page Special Issue features:
1) Outlook for Computer Hardware - In an in-depth Analyst Interview
(2,900 words) Daniel Niles, Managing Director and Senior Electronics
Analyst, discuss the outlook for the Computer sector, the status of the
leading companies, and his recommendations for the upcoming year.
Summarizing the sector, Niles states "We spent most of the back half of last year being pretty negative on the space. We downgraded a lot of these stocks in the second quarter as well. Our feeling was that demand in the first half of the year was artificially inflated by companies buying a lot of product ahead of time to prepare themselves for the millennium change and any potential computer hardware glitches associated with that." He adds that "over the last couple of weeks, we upgraded Intel (Nasdaq: INTC) -- before the quarter, Dell (Nasdaq: DELL) -- after their preannouncement, and IBM (NYSE: IBM) -- after their Q4 results. I feel like these stocks, which drastically underperformed the Nasdaq in the back half of 1999, would be the same stocks that would outperform the Nasdaq in 2000 and lead that sector higher."
Commenting on the recent Y2K issue, Niles states "Quite honestly, if we didn't know that there were supposed to be problems, we wouldn't have noticed anything. So I think for the most part it was pretty much a big yawn."
Giving his strongest recommendations, Niles declares "Intel is by far the easiest one. With Intel, the good news is that you really don't care if Gateway (NYSE: GTW), or Dell, or Compaq do well. All you care about is the industry as a whole."
"I'm a private investor in Transmeta," Niles says proudly, "so I obviously think that there's a market for the company, and I think they'll do well, but there's a lot of room in the market for many players. A lot of different players can do well. Xilinx (Nasdaq: XLNX) and Altera (Nasdaq: ALTR) are great examples of that. Obviously, Dell, Compaq, and IBM are all very good companies. So there's more than enough room in the market for AMD (NYSE: AMD) and Intel, and Transmeta as well. And they all have slightly different markets."
Offering more recommendations, Niles asserts, "I think Dell is another one that's going to be a really great performer this year. They had a very disappointing '99 when they preannounced two quarters in a row. I think they've reset expectations now to achievable levels." He continues by stating, "Compaq, I think, is a stock that can double, or even triple, over the course of the next 24 months easily. After a really disappointing two years, the new management, I think, has a pretty good game plan in place." Concluding his thoughts on PC makers, Niles says that "Gateway is the easy one on the consumer side, from the standpoint of the way they're in bed with AOL (NYSE: AOL). You should see a lot of new products over the course of the next year that should really benefit their position in the consumer market."
"I think for IBM and the infrastructure side that next year, as you continue to add more and more computing hardware into the systems, people are going to look more and more for service help, an area where IBM shines, declares Niles. "I think Sun Microsystems (Nasdaq: SUNW), as the backbone provider, will continue to see a very good 2000 as they provide more of the hardware infrastructure necessary to run a lot of these Internet companies." He then concludes by stating, "I think a lot of the laggards from last year, such as IBM, Dell, and Intel, will be the real superstars of this year. I am pretty excited about it."
This 174-page Robertson Stephens Tech 2000 Conference Issue also includes:
2) The following Robertson Stephens Tech 2000 Analyst Interviews
(avg. 2,000-words):
Outlook for Robertson Stephens - Robert Emery
Outlook for Tech 2000 - John Rohal
Business Software - Eric Upin
Semiconductor Capital Equipment - Susan Billat
eNetworking Software - John Powers
Outlook for eServices - Stephen Birer
Next Generation Networks - Paul Johnson
Outlook for eBusiness - Marshall Senk
eTailing - Lauren Levitan
Outlook for eFinance - Scott Appleby
Outlook for Semiconductors - Arun Veerappan
Computer Services & Outsourcers - Andrew Jeffrey
Outsourced Infrastructure Services - Richard Juarez
Communications Equipment - Paul Silverstein
eNetworks & Convergence Companies - Michael Graham
eMarketing - Lowell Singer
Digital Media Infrastructure - Arnab Chanda
eBusiness Applications - Kash Rangan
European eBusiness Software & IT Services - Sharon Corr
Network Storage - Dane Lewis
3) 33 extensive (average 2,000 words) CEO Interviews with top management
from the following sector firms discussing the outlook for their firm
and the Technology sector:
For a complete list of CEO interviews see twst.com
To obtain a copy of this insightful 300-page report, see twst.com or call 212-952-7433. This special section is also included in the Technology Sector of TWST Online at twst.com |
