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Politics : Formerly About Applied Materials

AMAT 223.95

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Nov 21 3:59 PM EST

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To: Proud_Infidel who wrote (38449)	10/18/2000 10:13:30 AM
From: Proud_Infidel	Read Replies (1) of 70976

GE Fund Manager Sees Steady Demand for PCs NEW YORK (Reuters) - Some of the bloom may be off the ''dot-com'' business but the personal computer is not about to become a relic, a GE Asset Management analyst said on Tuesday. ``The PC is not dead,'' Mark Mitchell, vice president and technology analyst, said at a meeting with reporters. ``It's growing very steadily.'' He said he expects 15 percent unit growth this year. Mitchell said that while the Internet faces a great future as more businesses make greater use of it, the ``dot-com'' part of it is another story. ``The Internet is not about dot-com's,'' Mitchell said. He predicted that 90 percent of the dot-com companies won't be around in a few years. A favorite stock remains Dell Computer Corp. (NasdaqNM:DELL - news), a company with ``great management,'' Mitchell said. The company is the world's second-largest computer maker. Other favorite tech stocks include Texas Instruments Inc. (NYSE:TXN - news) and Analog Devices Inc. (NYSE:ADI - news), Mitchell said. GE Asset Management, the investment arm of General Electric Co. (NYSE:GE - news), manages about $120 billion for institutions and individuals worldwide. The total includes about $2.6 billion in 21 retail mutual funds. A spokesman said the retail funds have experienced ``steady inflows'' this year.

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