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Technology Stocks : Optical Networks and Components, DWDM and Tunable Lasers

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To: songw who wrote ()6/16/2000 4:21:00 AM
From: ms.smartest.person  Read Replies (1) of 275
 
More on Highwave Optic

Nouveau Marche's Future Looks Good, says Fund Manager

13-Jun-2000 16:56 CET
By Alexander Miles

STRASBOURG -- Nouveau March‚ fund manager Arnaud de Dumast for the Banque NSMD (Groupe Amro) told the French business daily La Tribune on Tuesday that he was confident in the Paris' high-tech market future despite the fact that the index was more difficult to list on than before.

"I continue to remain confident in the Nouveau March‚ in the medium-term, but recognize that the market has become more selective," said Dumast.

"Among the upcoming introductions certain companies are extremely interesting. Highwave Optical Technologies is my favorite even if its share price is relatively high. Positioned in a high-growth market [fiber optic systems and components], its value is nevertheless difficult to gage in the absence of real comparative elements," he said.

Dumast added his group felt positively about companies that have an industrial component linked to new technologies. He cited Riber (N07595.PAR) that produces equipment for making computer processors and Silicon On Insulator Technologies (N07206.PAR).

He was less enthusiastic about shares in companies that are totally linked to the Internet.

"We haven't, however, regained our confidence in pure Internet companies such as Multimania (N07515.PAR)and Artprice (N07478.PAR)," said Dumast.

Though Dumast recognized the strong link between the Nouveau Marche and the US' high-tech index theNasdaq, he nevertheless noticed a certain temporary time lapse between the behavior of the two markets.

"One just has to look at the important variations on the Nouveau Marche before and after the opening of the American markets -- there is a small time lapse between the Paris market and the Nasdaq," he said.

europeaninvestor.com
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