To: Tecinvestor who wrote (25306 ) 12/22/1999 2:36:00 PM From: briank Respond to of 64865
Red's top tenragingbull.com Red Herring Magazine Picks SUNW as One of Top Tech Stocks For Next Century PR NEWSWIRE SAN FRANCISCO, Dec. 22 ? Red Herring, the magazine about the business of technology, has selected its "Ten Tech Stocks for the Next Century." For the feature, appearing in the January 2000 issue, the editors identified technology stocks that will not only lead investors into the next century, but also will dominate all other investment opportunities. "Red Herring's top-ten stocks are for the long term," explains Senior Writer Peter D. Henig. "Although they cut across a broad range of technology sectors, they all have dominant market positions that have been maintained and enhanced through flexible business models and swift management decision-making." Red Herring's Ten Tech Stocks for the Next Century include: Broadcom (Nasdaq:BRCM) -- In addition to sitting in the sweetest spot in the communications space -- manufacturing semiconductors for every segment of the broadband environment -- Broadcom is a well-run, ferociously aggressive market pioneer in a business where it alone has figured out how to drive down chip costs and still remain wildly profitable. Charles Schwab (NYSE:SCH) -- Early on, while other full-service brokers were getting fat and happy on steep commissions, Schwab was establishing itself as a pioneer putting the power of investing into the hands of investors. It has figured out how to maintain customer loyalty through offline hand-holding while still maintaining the cost benefits of an Internet- centric company. Cisco Systems (Nasdaq:CSCO) -- Wall Street and Main Street buy Cisco because so far, the company has done everything right, almost without a hitch. The leading supplier of high-performance networking products has set its sights on selling to the much larger service-provider market, aiming to make sales to large telecommunications providers or even next-generation, high- speed optics networks. CMGI (Nasdaq:CMGI) -- CMGI, both a collection of operating companies and a venture-capital affiliate, has become a clear Internet leader. The only Internet company to make the list, it incubates companies for a song and then takes them public for megamultiple returns on its investments. Dell Computer (Nasdaq:DELL) -- The PC is not dead; forecasts indicate that at least another 2 billion will be sold. Dell is a box maker that can help fill a market that big. Toss in the company's own internet initiative, DellNet, which offers a new range of electronic-commerce possibilities, along with a partnership with IBM's services unit, and a fairly robust picture emerges. EMC (NYSE:EMC) -- A major side effect of every technology trend is the creation of more information, with the Internet itself expected to fuel 90 percent terabyte growth over the next several years. Eighty percent of the top Internet names use EMC's enterprise storage systems and software and its market share is poised to continue rising over the next several years. Microsoft (Nasdaq:MFST) -- After dominating the software shrink-wrap business throughout the '80s and '90s, Microsoft is now on a quest to conquer Internet communications and services. They've got the money: the software giant has already made about $7.9 billion in phone and cable investments in the past two years and it still has a war chest of $17 billion to spend. Sun Microsystems (Nasdaq:SUNW) -- Sun is considered the essential go-to technology for any firm seeking an online strategy. It sells workstations, servers and software for the commercial side of the Web worldwide -- $12 billion in the last year - and has a $950 million backlog. Sun's shrewd bet on Java and Jini, its server and appliance technologies that allow interfacing and compatibility among diverse devices, has both driven business and created phenomenal brand recognition. The complete feature, "Ten Tech Stocks for the Next Century," published in the January 2000 issue of Red Herring magazine, is now on newsstands.