Merrill analysts pick tech stocks
Many familiar names recommended, but some surprises
CBS MarketWatch - Last Update: 3:56 PM ET Sep 18, 1998
NEW YORK (CBS.MW) -- Merrill Lynch's technology analysts have picked 22 stocks that
they think will outperform the market, based on a bevy of trends outlined in their 170-page
report.
Networking/wireless
Analysts Joseph Bellace and Michael Ching are expecting
demand for data network core technologies, such as switches and
other equipment, to increase at a rate of 35 percent a year. Data
traffic, they say, will consume 80 percent of all bandwidth by
2003.
Beneficiaries will include wire-line equipment and data
networking stocks, the analysts say, specifically naming Ascend
(ASND), Cisco (CSCO), Lucent (LU), Nortel (NT) and 3Com
(COMS). But they say they're not prepared to call investment
opportunities in wireless stocks yet.
cbs.marketwatch.com
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