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Technology Stocks : TLAB info?

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To: Dave Dickerson who wrote (2476)	5/31/1998 9:28:00 AM
From: John Carragher	Read Replies (1) of 7342

STEIN ROE FUND MGR LIKES COS. THAT ARE BUILDING INTERNET NEW YORK (Dow Jones)--The Stein Roe Growth Stock Fund sees value in Internet stocks, but is careful to avoid the more speculative issues, according to fund manager Erik Gustafson. "We don't buy the speculative stocks that run up for no reason," Gustafson told CNBC Wednesday. "We buy the companies with earnings that will ultimately build the Internet in the future." Among the issues he favors are companies that are providing the "backbone" of the Internet, such as Cisco Systems Inc. (CSCO), Lucent Technologies Inc. (LU) and Tellabs Inc. (TLAB). He also likes WorldCom Inc. (WCOM), which he sees continuing to appreciate "for the next three to five years." - Ted W. Kemp; 201-938-5392

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