Seagate, Adobe, Manugistics Recommended in Tech Stock Strategy
Bloomberg News
May 24, 1998, 10:04 a.m. PT
New York, May 24 (Bloomberg) -- Investors who want to invest
in technology stocks should focus on software companies that have
found growth areas outside Microsoft Corp.'s core business, such
as supply-chain management or sales-force automation, the New
York Times reported. BancAmerica Robertson Stephens managing
director John Rossi recommends investing in ''leadership
companies,'' like Seagate Technology Inc., Quantum Corp., Intel
Corp. and Micron Technology Inc. Michael Murphy, editor of the
California Technology Stock Letter, said he chooses stocks based
on earnings and research-and-development funds, and likes Adobe
Systems Inc., Applied Materials Inc., Cypress Semiconductor Corp.
and LSI Logic Corp., while Geoffrey Moore, chairman of Silicon
Valley marketing consulting firm Chasm Group, favors supply-chain
management software companies Manugistics Group Inc. and I2
Technologies Inc., as well as sales-force automation companies
Siebel Systems Inc., Vantive Corp. and Clarify Inc., the paper
said.
Manugistics Group Inc. shares plunged 39 percent on Friday
after the maker of automated-production software warned it will
report a fiscal first-quarter loss because of lagging sales.
(NYT 5/22 3-1 www.nytimes.com)
--Aimee Sullivan in the Princeton newsroom (609) 279-4042/jcn
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