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Technology Stocks : George Gilder - Forbes ASAP -- Ignore unavailable to you. Want to Upgrade?

To: SecularBull who wrote (2882)	2/18/2000 6:23:00 PM
From: bobkansas	Read Replies (1) \| Respond to of 5853

O/T You are right on LVLT and GBLX. I bought more GBLX today. This is a buying opportunity.

To: SecularBull who wrote (2882)	2/18/2000 10:48:00 PM
From: w molloy	Read Replies (1) \| Respond to of 5853

George Gilder Spins Technology Ideas That Get Attention By FRANK BYRT BOSTON -- The Internet chat rooms are a atwitter every time George Gilder speaks from the mountains. Gilder, president of Gilder Technology Group and editor of the Gilder Technology Report, based in the tiny Berkshire Hills town of Housatonic, Mass., has apparently achieved high-tech stock guru status among technology stock traders. It seems a favorable mention in his monthly newsletter can kick a stock into high gear, if some Internet investor chat rooms can be believed. A prominent mention in the online version of his newsletter Thursday was quickly followed by big gains for Terayon Communication Systems Inc. (TERN) and Xcelera.com Inc. (XLA). Terayon gained 67 3/16, or 49.1%, Thursday to close at 204 1/16, then closed Friday at 230, up 12.7%, or 25 15/16. Xcelera.com rocketed 59.3% or 76 1/2 to 205 1/2 an all-time high on Thursday, and rose 16.8%, or 34 1/2, to close at 240 on Friday. According to Gilder Technology's Web site, the Gilder Technology Report doesn't attempt to "recommend stocks that may show the greatest appreciation over the short or long-term investment cycle." Rather, it "is concerned with the emerging technologies that will shape the landscape of the world of broad bandwith." Therefore "the companies discussed in the reports are cited for their paradigm technologies, rather than for their relative fundamental valuations in the equities market." Gilder, 60, is no flash in the pan. His gold-plated resume includes an Ivy League education as well as stints as a political speechwriter and as a fellow at Harvard's Kennedy Institute of Politics. He has written books on a wide range of subjects, including several well-received tomes on economic and social issues, as well as on the future of technology. In 1986, President Ronald Reagan awarded Gilder the White House Award for Entrepreneurial Excellence. Gilder's report is credited with identifying Qualcomm Inc. (QCOM) as a winner, early on. The wireless communications manufacturer showed a 2,618% gain last year. That success has apparently given him a messianic following among technology investors, said one telecommunications and Internet industries expert. "In the last several years he has become a specialist on technology, and now he's this huge (technology) pundit with Forbes (magazine) behind him, and that's a pretty strong platform for him to spew forth his views," said Peter Cohan, who heads Peter S. Cohan & Associates, of Marlborough, Mass., a management consulting and venture-capital firm that specializes in Internet-related business. Cohan said "I think it's kind of like the Warren Buffet effect, where, if somebody can articulate a strong point of view" and can point to a significant success, such as Gilder's identifying Qualcomm, "then he becomes a genius and people slavishly follow him." "But he's obviously had an impact on the stocks he's mentioned," he added. Gilder was unavailable for comment. A representative at his headquarters said he was out of the office and unavailable for comment Friday afternoon. Other Gilder Technology Report officials didn't return calls for comment. -Frank Byrt, Dow Jones Newswires; 617-654-6742 Richard Vigilante, publisher of the Gilder Technology Report, said the principle aim of the newsletter is to identify companies developing products that will result in significant changes in technology and to highlight companies that will be in the forefront of technological change in coming years. "We try to explain to the technological community why we think this is the way to go," said Vigilante. "It's not to move stocks - we're a little ambivalent about that," he adds. But "if as a result it's easier for (the companies) to raise capital in the market, then we're happy about that." The jump in company share prices after a mention in the newsletter is a recent phenomenon, said Vigilante. It has happened "pretty consistently for the last year, as George adds a stock to the list" of companies he writes about. But Gilder "has been advocating Qualcomm since the company was founded, and for years there was no result in the stock" prices, said Vigilante. So the huge gain of last year came a long time after the newsletter highlighted Qualcomm's potential, he adds. Vigilante said Gilder rarely gives media interviews. -Frank Byrt, Dow Jones Newswires; 617-654-6742