DJ Meeker: Internet Leaders Closer To Bottom Than Top -CNBC
(MORE) DOW JONES NEWS 04-19-00
03:39 PM =DJ M. Stanley Meeker/CNBC-2: Look For Strong Cash Positions
NEW YORK (Dow Jones)--Morgan Stanley Dean Witter Internet analyst Mary Meeker said more than half of Internet companies won't recover from the declines their share prices have suffered during the Nasdaq's recent turmoil, CNBC reported.
Nonetheless, she said there are "compelling Internet stock valuations out there," according to CNBC. The leaders among Internet stocks are closer to the bottom of their near-term share prices than to the top, she said.
Among qualities she recommends that investors look for in Internet stocks are strong cash positions, significant international operations, and strong positions in the wireless arena.
Meeker's Internet picks include: Yahoo! Inc. (YHOO), Amazon.com Inc. (AMZN), EBay Inc. (EBAY), Exodus Communications Inc. (EXDS), Internap Network Services Corp. (INAP), Broadcom Corp. (BRCM), Ariba Inc. (ARBA), Sun Microsystems Inc. ( SUNW), Vignette Corp. (VIGN), Agile Software Corp. (AGIL), Lucent Technologies Inc. (LU), Motorola Corp. (MOT), Cisco Systems Inc. (CSCO) and JDS Uniphase ( JDSU).
-Christine Nuzum; Dow Jones Newswires; 201-938-5172
(END) DOW JONES NEWS 04-19-00
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