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Technology Stocks : JDS Uniphase (JDSU) -- Ignore unavailable to you. Want to Upgrade?

To: TigerPaw who wrote (11698)	7/21/2000 8:08:10 PM
From: John Carragher	Respond to of 24042

Dow Jones Newswires -- July 21, 2000 Dow Jones Newswires Invesco's Keithler: Earnings Show Strength In Technology Dow Jones Newswires NEW YORK -- Despite seesawing technology stocks, William Keithler, portfolio manager at Invesco Technology Fund, says earnings season has shown there is strength in the sector. "I think the New Economy and the Internet infrastructure is alive and well," said Keithler in a CNBC interview Friday. "But we're seeing a differentiation in the marketplace between those companies whose products and business models are working and those that probably won't work." Despite some disappointing earnings due to execution and supply-related problems, results confirm that demand at several major companies remains strong, he said. Fiber optics continues be be a hot sector. "I think investors are still looking at the potential market opportunity in the $30 billion to $50 billion to be spent over the next three to four years as an enormous opportunity," he said, adding that he thinks valuations are still low. Keithler said his fund is consolidating its holdings around technology leaders. He likes JDS Uniphase Corp. (JDSU), Ciena Corp. (CIEN), Altera Corp. (ALTR) and Cisco Systems Inc. (CSCO). -By Riva Richmond, Dow Jones Newswires; 201-938-4046