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Technology Stocks : Network Appliance
NTAP 117.18-0.1%10:40 AM EST

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To: Jack Hartmann who wrote (3555)6/22/2000 3:07:00 PM
From: John F Beule  Read Replies (1) of 10934
 
Thursday June 22, 1:01 pm Eastern Time
Merrill Lynch unveils 26 top stock picks
NEW YORK, June 22 (Reuters) - Amid a schizophrenic U.S. stock market that has turned from highly volatile to lethargic since the first of the year, Wall Street giant Merrill Lynch unveiled a list of stocks that it called its best long-term investment picks.

The list includes some unsurprising blue-chip names, including General Electric Co. (NYSE:GE - news) and CitiGroup (NYSE:C - news), and also some high-tech favourites such as JDS Uniphase Corp. (NasdaqNM:JDSU - news) and Yahoo Inc. (NasdaqNM:YHOO - news).

The list was first presented to Merrill's army of over 14,000 brokers last week and was formally presented to the public in a press briefing at Merrill's world headquarters in Manhattan on Thursday.

``As companies navigate the transition from the old economy to the new, the common theme among the companies on our list is their ability to be agents of change and to use change as a way to accelerate growth and increase shareholder value,'' said Andrew Melnick, director of Merrill's Global Securities Research and Economics.

Merrill noted that the companies represent diverse industries and geographic locations, with about 40 percent of the recommendations being non-U.S.-based companies.

Merrill's top 26 picks for long-term investment.
America Online Inc. (NYSE:AOL - news)
America International Group (NYSE:AIG - news)
Bell Atlantic Corp. (NYSE:BEL - news)
Burlington Resources Inc. (NYSE:BR - news)
Cisco Systems (NasdaqNM:CSCO - news)
CitiGroup Inc.
EMC Corp. (NYSE:EMC - news)
General Electric
Home Depot Inc. (NYSE:HD - news)
HSBC Holdings Plc (quote from Yahoo! UK & Ireland: HSBA.L) (NYSE:HBC - news)
Hughes Electronics Corp. (NYSE:GMH - news)
JDS Uniphase
Kyocera Corp
MedImmune Inc. (NasdaqNM:MEDI - news)
Network Appliance Corp. (NasdaqNM:NTAP - news)
News Corp. (Australia:NCP.AX - news)
Nokia (NYSE:NOK - news)
Nortel Networks (Toronto:NT.TO - news) (NYSE:NT - news)
Omnicom Group Inc. (NYSE:OMC - news)
Scottish Power Plc (quote from Yahoo! UK & Ireland: SPW.L)
Sony Corp.
Texas Instruments Inc. (NYSE:TXN - news)
TotalFinalElf
Vodaphone AirTouch Plc (quote from Yahoo! UK & Ireland: VOD.L)
Walgreen Co. (NYSE:WAG - news)
Yahoo!
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