Heard on Rukeyser.
Drew:
In case you missed it.
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Smaller, Young Technology Companies Recommended on 'Rukeyser'
Owings Mills, Maryland, Oct. 16 (Bloomberg) -
Smaller young technology companies will get more attention from investors in the coming years, panelists said on Public Broadcasting System's ''Wall Street Week With Louis Rukeyser'' program. ''What we need is a catalyst,'' said Roger McNamee, general partner at Integral Capital Partners on a special program devoted to the technology industry. ''The stocks are so cheap that we expect over the next few years you'll see a new kind of market emerge that has not existed before where people will come in and take control positions and really in effect take advantage of the market's lack of interest in many of these smaller companies.''
McNamee said he would still tend to recommend investors buy stocks such as Microsoft Corp., Dell Computer Corp. and Cisco Systems Inc. as long as earnings growth continues at a high pace. Still, ''I just find it incredibly hard to justify buying at these valuations.''
Jay Hoag, general partner at Technology Crossover Ventures, recommended companies including Saville Systems Plc, which provides billing and customer-service software for the telecommunications industry, and Actuate Software Corp., which makes systems that allow companies to create interactive multimedia documents.
The companies have ''very high margins, very rapid growth and I think rapid growth irrespective of a slow-growth economic environment,'' Hoag said.
James A. Davidson, head of technology banking at Hambrecht & Quist, recommended Amazon.com Inc., which Hambrecht & Quist helped bring public last year. ''I think it's really a poster child about how you should do business on the Web,'' Davidson said.
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