Hi thread, here's a positive mention in Barron's:
September 10, 2000 19:31
Future looks good for many tech stocks - Barron's
NEW YORK, Sept 10 (Reuters) - Certain technology stocks may be ripe for rebound, especially ones related to Internet and wireless technology, but some high stock
valuations do seem a bit extreme, industry watchers said in Barron's.
Barron's Sept. 11 edition featured a discussion with Kevin Landis, who runs portfolios for mutual-fund company Firsthand Funds; Walter Price Jr., managing director of
investment firm Dresdner RCM Global Investors; and Roger McNamee, a partner with investment firm Integral Capital Partners and technology-focused buyout fund
Silver Lake Partners.
According to Barron's, Landis said the fixed wireless sector is important, and he specifically mentioned DMC Stratex Networks Inc. and P-Com Inc. . He is focusing on
networks for cellular technology and backing off slightly from the cellular phone components companies, Barron's said.
Landis likes companies that make components for cellular phones and networks, such as TriQuint Semiconductor Inc. , which is in a number of communications
markets, and Furukawa Electric Co. Ltd., , which owns 18 percent of JDS Uniphase Corp. , Barron's said.
Barron's said Landis' other picks included Zoran Corp. , Teledyne Technologies Inc. and Wind River Systems Inc. , a dominant player in the embedded operating
systems market, and in the electronic commerce sector, Landis likes software companies and hosting companies, such as Globix Corp. .
Landis panned Eastman Kodak Co. , Barron's said.
McNamee named a number of infrastructure companies he likes, including Extreme Networks and ONI Systems Corp. , according to the article. In data networking,
McNamee named performers such as PMC-Sierra Inc. , Applied Micro Circuits Corp. , Flextronics International Ltd. , Barron's said.
According to Barron's, McNamee's numerous picks also include BEA Systems Inc. , Portal Software Inc. , Informatica Corp. , Exodus Communications Inc. , 3Com
Corp. and business-to-consumer shopping behemoth Amazon.com Inc. .
Price is currently focused on infrastructure firms such as Ariba Inc. , i2 Technologies Inc. , Siebel Systems Inc. , Checkpoint Systems Inc. , BroadVision Inc. and
Commerce One Inc. , the article said.
In the wireless arena, Price mentioned Motorola Inc. and separately, he also said he liked companies such as Electronic Arts Inc. , eBay Inc. and Compaq Computer
Corp. , according to Barron's.
Price, who is concerned about Oracle Corp. after Ray Lane's departure earlier this summer, said the company's shares "will go through 100, sooner rather than later,"
Barron's said. McNamee and Landis also expressed some concerns about Lane's departure, Barron's said.
Shares of Oracle, which ended last week in the $86 range, have traded as high as $92-15/16 in the past 52 weeks.
The three also spoke about Microsoft Corp. and how it may fare in the future in light of its legal situation, Barron's said.
Landis said Microsoft, with its "position, resources and opportunity" could be generating much more value for shareholders, but said there are a number of unknowns,
according to Barron's.
Price said Microsoft is adjusting to a slower growth rate, after growth of at least 30 percent for some time, Barron's said. The article also quotes Price as saying that he
does not think that MSN will be a profit maker for "the next couple of years." Price said it is hard to place a target price on Microsoft shares since the outcome of the
company's legal issues is not yet known, but he did say "the shares could pop to 85 on favourable legal news alone," Barron's said.
Shares of Microsoft ended the week in the $69 range, above a 52-week low of $60-3/8 but well off a 52-week high of $119-15/16.
McNamee still believes a divestiture could push Microsoft shares higher and that Windows 2000 has been less successful than perhaps the company had expected,
according to Barron's. |
