Some notes from this weeks Barrons article Choose wisely..
S. Bob Rezaee, technology analyst with the $10 million Dresdner RCM
Global Technology Fund, feels a little more adventuresome. "I'd look to this
as an opportunity," he advises. "Pick your spots, but stick to quality names.
I'm not inclined to bottom-fish broken stories, companies losing market share
and having earnings problems. I'm sticking to the Ciscos of the world."
And what else? "Ascend, you have to own here," he says. "They have the
most comprehensive products for the next generation communications
network." He also shares Rizza's enthusiasm for Compaq. The PC maker, he
says, should benefit from seasonal PC strength this fall, adding, "People
underestimate the synergies between DEC and Compaq."
He's bullish, too, on Tellabs. "The stock is down over 50% -- it seems like a
good time to build a position," he says. Rezaee thinks the proposed
acquisition of Ciena could still be completed, after a further revision in the
terms. In the same category, he likes ADC Telecommunications. And he's
buying PMC-Sierra, a chipmaker that provides parts to
communications-equipment companies like Ascend and Newbridge
Networks. |
