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Technology Stocks : Exodus Communications, Inc. (EXDS) -- Ignore unavailable to you. Want to Upgrade?

To: John Carragher who wrote (2296)	7/5/2000 7:34:03 AM
From: John Carragher	Read Replies (1) \| Respond to of 3664

wsj july 5th This time around, our pros are turning back to technology companies. Here is a look at their favorites. Greg D'Amico & Robert Loest Portfolio managers, IPS Advisory Knoxville RF Micro Devices of Greensboro, N.C., can't turn out its chips fast enough. It makes radio-frequency transmitters that allow cell phones and other wireless devices to communicate with the Internet. "The demand is so enormous that they're not going to meet it for years," says Mr. Loest. RF Micro is scrambling to quadruple production capacity. Another growth arena: RF Micro has created a wireless-communications standard that is considered "the means for hand-held devices to communicate with each other," says Mr. Loest. He and Mr. D'Amico say the stock could double in the next year from the $85 range. RF Micro still has a steep stock-market value of more than $7 billion, but its shares are down sharply from a peak of $184.50 on March 6. "They just got hit along with all the other Internet-related companies," says Mr. D'Amico. Seven analysts now rate the stock a "strong buy," and six rate it a "moderate buy," says Mr. Loest. For the fiscal year that ends March 31, 2001, analysts estimate profit will be 84 cents a share, a 45% jump.