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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?

To: Sergio H who wrote (18815)	2/12/2000 4:33:00 AM
From: Ditchdigger	Read Replies (1) \| Respond to of 29382

<lol> didn't I mention the Palm OS yesterday morning?<g>..Looks like I'm even beginning to sound like a Janus fund manager(well an X one anyway<g>)Maybe these guys are reading the Amigo thread?<ROFL!!!> New York, Feb. 11 (Bloomberg) -- Tom Marsico is betting 3Com Corp., the No. 2 computer- networking company behind Cisco Systems Inc., could become the next stock market darling. Marsico, who racked up one of the best records among mutual fund managers in the 1990s, has been buying 3Com shares because he says its hand-held computers -- the ubiquitous Palm Pilot -- will overshadow traditional desktop personal computers. ''I want to own Palm,' he said. Marsico isn't just any Palm V devotee. He racked up average annual returns of 22 percent -- 5 percent better than the benchmark Standard & Poor's 500 Index -- in nine years running the Janus Twenty fund. Since setting up Denver-based Marsico Capital Management in 1997, his two funds have trounced the index yet again. His firm is now managing $15 billion. Palm The biggest opportunity could be 3Com, though, which has lagged the bull market in technology stocks as Cisco increased its lead in the computer networking market. In the past five years, 3Com gained 94 percent, lagging Cisco's 2,820 percent rise. Marsico, though, said he's indifferent to 3Com's networking business. The growth is in Palm Inc., which is planning a $368 million initial public offering Feb. 28. He cited what he regards as its limitless potential to offer ''voice, video and data' to people on the go. Bulls such as Marsico have helped drive 3Com stock 38 % this year to its highest since July 1997. While Palm faces competition from HandSpring Inc., Psion and Compaq Corp., the market should swell to 14 million electronic organizers sold worldwide by 2003, according to International Data Corp. Palm's sold about 5 million of its electronic organizers since 1996. Marsico figures Palm should be formidable, in part because companies such as HandSpring, Nokia Oyj and Sony are using Palm's operating system to develop new products. ''This is the new operating system,' Marsico says, comparing Palm to Microsoft Corp., creator of the dominant operating system for desktop computers.