News:
Bloomberg News
March 16, 1999, 4:16 a.m. PT
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)
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