DELL did, however, get named as one of the 10 stocks for the next century by Red Herring (along with CMGI):
Magazine Picks Top Tech Stocks For Next Century
PR Newswire - December 22, 1999 12:20
marketwatch.newsalert.com.
SAN FRANCISCO, Dec. 22 /PRNewswire/ -- 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 are:
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.
Nokia (NYSE: NOK) -- The single trend that will define the future of technology and
the world's communications structure is wireless communications. Nokia, the
leading-edge supplier of appliances and networks for the wireless era, is a core holding
among almost every top-tier institutional money manager. It has the brand, the R&D and
the creativity to stay ahead of the curve in the wireless communications space.
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.
Time Warner (NYSE: TWX) -- In a world where media and entertainment will be
coming at us from all sides, even some old media companies will be golden in the
Internet age. Time Warner not only feeds the fat pipes of the future, but as the nation's
second-largest cable operator, it owns a lot of them as well. The distribution side of the
business should pique investors' interest, especially its RoadRunner cable Internet
access service that represents a high-growth online addition.
The complete feature, "Ten Tech Stocks for the Next Century," published in the January
2000 issue of Red Herring magazine, is now on newsstands.
About Red Herring Magazine
Since 1993, Red Herring magazine has been essential reading for business leaders using
technology to build or expand their businesses. Its coverage provides a
forward-thinking, analytical look at technology companies and industries. The unique
perspective of its veteran editors and reporters is based on years of experience
reporting on and watching the business of technology. Red Herring's coverage of
technology-driven business is timely, analytical and, most of all, opinionated and
experienced.
About Red Herring Communications
Red Herring Communications, a privately held San Francisco-based company, is a fully
integrated network of media properties connecting and enabling the technology
empowered business builders and leaders, ideas and technologies that are shaping and
reshaping business today. Red Herring magazine, Redherring.com, Red Herring TV and
Red Herring Events are each a crucial conduit of information, analysis and opinion,
between the vision of Silicon Valley and the power of corporate America, alongside the
global business environment.
SOURCE Red Herring
/CONTACT: Barry J. Zusman of Plesser Associates, 212-319-8383,
bzusman@plesser.com, for Red Herring/
(BRCM SCH CSCO CMGI DELL EMC MFST NOK SUNW TWX)
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