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Technology Stocks : John, Mike & Tom's Wild World of Stocks -- Ignore unavailable to you. Want to Upgrade?

To: John Pitera who wrote (1362)	6/22/2000 7:27:00 AM
From: Chip McVickar	Read Replies (1) \| Respond to of 2850

John and Thread, Looking for high-quality stocks for your retirement portfolio? These picks from top investors should fit the bill. By Adrienne Carter, Laura Lallos, Jeanne Lee, Eric Moskowitz and Jeff Nash What would you buy today if you could pick just one stock for your retirement portfolio? That's the question we posed to several dozen prominent investors - from high-flying hedge fund and mutual fund managers to top Wall Street strategists and analysts. We used their recommendations to assemble a shortlist of highly attractive stocks for long-term investors. Our team of five reporters then dissected the stocks until we were left with our favorites, which we discuss below. They're all solid, well-run companies with great staying power, and they're compelling buys at recent prices. We believe you can comfortably tuck any of them away for the next 10 years - just the ticket for your retirement portfolio. AT&T When we asked David Williams of the Excelsior Value & Restructuring fund to choose one winner for the next decade, he didn't hesitate. AT&T is "in the sweet spot of all telecommunications. They've got a great CEO and great financial strength," says Williams, whose fund beat 99% of its value peers over the past five years. AT&T has struggled for the past decade with earnings growth of just 3% a year. But with $62 billion in '99 sales, it's a telecom titan. It has one of the largest wireless operations in the U.S., and its long-distance business kicks off loads of cash. More important, Williams says, is AT&T's cable strategy. Currently, less than 2% of Americans get phone service via cable. But CEO Michael Armstrong is convinced that we'll increasingly use cable instead of phone lines to get everything from phone service to Internet access to interactive TV. He's positioned AT&T to ride this wave by buying cable firms TCI and MediaOne at a total cost of more than $100 billion. James Linnehan, an analyst at Thomas Weisel Partners, expects the stock to tread water for the next year. But over a decade, he says, Armstrong's "$100 billion gamble" on cable is likely to pay off. Williams has no doubts: "I think you'll triple your money in five years.'' The others picked: AT&T Intel Berkshire Hathaway Merck MBIA Tricon Freddie Mac Charles Schwab