AOL, Dell, Microsoft Stock Attractive at Any Price, WSJ Says
New York, March 16 (Bloomberg) -- Shares in high-technology companies like America Online Inc., Dell Computer Corp. and Microsoft Corp. are attractive to investors at almost any price, the Wall Street Journal said in ''Heard on the Street.'' Money managers increased their purchases of companies like AOL and Dell, with 19 percent of diversified U.S. stock mutual funds owning AOL shares and 33 percent owning Dell as of Dec. 31, according to Morningstar Inc. Fifty-four percent of large investors owned International Business Machines Corp. shares and about 55 percent owned Microsoft on Dec. 31, as Microsoft is ''arguably the most successful corporation in America,'' OppenheimerFunds manager Jay Tracey told the Journal.
Dell Computer, the No. 1 direct seller of personal computers, finished first among 1,000 companies in total return to investors over the past three, five and 10 years through 1998, the only company to do so since the Wall Street Journal's ranking started in 1996. (WSJ Interactive Edition 3/16 wsj.com)
quote.bloomberg.com
I agree on Microsoft with the WSJ but for DELL and AOL there is a cap as far as I am concerned---unless AOL can develop Windows which I doubt.
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