TECH STOCKS & MORGAN STANLEY. asian stocks According to the latest Barron's issue, Morgan Stanley ran a computer program to screen U.S. companies that receive more than 20% of
their sales or profits from Asia, as well as, a screen for those companies that have little or no exposure to the Far East and whose prospects have led analysts to raise EPS estimates.
The following is a list of the U.S. technology companies with high Asian exposure, including revenues and operating profits percentages from Asia, respectively: Altera
Corp. 84%, 91%; Applied Materials 53%, 57%; Ascend Communications 28%, 28%; Atmel Corp. 41%, 41%; Intel Corp. 30%, 11%; KLA-Tencor 57%, 61%; Lattice Semiconductor 26%, 26%;
LSI Logic 25%, 25%; Motorola 28%, 28%; and National Semiconductor 34%, 34%. Among the technology issues with good potential due to their low exposure to Asia, and which are
also viewed to be selling at a low price earnings to earnings growth plus yield ratio, only two issues made the list. According to the Morgan Stanley screening method, Cisco
Systems (CSCO 83 9/16) and PeopleSoft (PSFT 65 1/4) are ranked among the list of stocks with good potential. |
