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Technology Stocks : All About Sun Microsystems -- Ignore unavailable to you. Want to Upgrade?

To: JC Jaros who wrote (24809)	12/15/1999 2:19:00 PM
From: JDN	Read Replies (1) \| Respond to of 64865

Dear JC and all: Here is a little "pick me up" on a down day. JDN Blue-chip techs seen as market's best bets By Ian Simpson NEW YORK, Dec 15 (Reuters) - Technology stocks are likely to keep sizzling into the new year, but wary investors should focus on blue-chip issues in the volatile sector, analysts said. They called the roaring computer, telecommunications and Internet market fad-ridden and wildly overvalued but said it was irresistible, in part because of the fast growth of some companies. "This kind of frenzy that began in the first quarter and continued in the fourth quarter will continue" through the new year, Scott Bleier, chief investment strategist at Prime Charter Ltd., said in a Reuters Television interview broadcast on Wednesday. Phil Orlando, chief investment officer at Value Line Asset Management, told Reuters following the TV interview that trends in the technology sector were sustainable for the next couple of months. "There will probably come a point within the next three to four months where it becomes prudent for me to lock some profits in," he said. Among the best buys in the sector, analysts named data storage equipment supplier EMC Corp. <EMC.N>, computer networking company Sun Microsystems Inc. <SUNW.O>, No. 1 Web service provider America Online Inc. <AOL.N> and Cisco Systems Inc. <CSCO.O>, a maker of gear that directs traffic on the Internet. The four are attractive because they are profitable, well-run companies with good market share and products that are vital to the growth of the booming Internet, the analysts said. "The Red Hats and Linuxes of the world don't have a place in my portfolio," Orlando said. Stocks such as Red Hat Inc. <RHAT.O>, the biggest distributor of the upstart Linux computer operating system, and other Linux issues have been swept upward in a recent buying frenzy. Red Hat has risen from 75 in late October to 217 at Tuesday's close. Uri Landesman, chief investment officer at the Fleck T.I.M.E. Fund in Greenwich, Conn., said his top Internet choices are venture companies such as CMGI Inc. <CMGI.O> and Internet Capital Group Inc. <ICGE.O>. He told Reuters following the TV interview that their stakes in dozens of Internet companies gave them an impact similar to that of Japan's interlocked corporate giants. Landesman also named America Online, Web media and content company Lycos Inc. <LCOS.O>, and vitamin and health food supplier MotherN