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Technology Stocks : Wind River going up, up, up! -- Ignore unavailable to you. Want to Upgrade?

To: tom ablett who wrote (8125)	7/27/2000 12:46:55 AM
From: shadowman	Respond to of 10309

Thanks Tom, Here's the transcript from the CNN web site. -------------------------------------------------------- Kevin Landis, portfolio manager at Firsthand Funds, joins us now in San Francisco. Kevin, welcome back. KEVIN LANDIS, FIRSTHAND FUNDS: Thanks. Good to be back. BAY: So explain this "volatility can be your friend" theory to us, please. LANDIS: Well, if you're investing with an eye toward the stocks you ought to own for '01 and '02, then -- and you're in no particular hurry to get your trades filled today at this price, a market like this gives you the chance to be disciplined and hold out for what you think is an attainable price. BAY: So you look for a lower price, although you wouldn't call these low prices? LANDIS: No, no. I'd say you can get a better entry point given that the market seems to want to trade back and forth. Now, markets being what they are, as soon as we say this, watch, it will go into a nice long-term upturn, but that wouldn't be so bad either. BAY: You brought us some of your top picks tonight. Let's go through them, but first, they're your top picks for future performance, not necessarily for how they performed this year. Is that correct? LANDIS: Right. We had a few ego charts that we could have thrown up there -- stocks (UNINTELLIGIBLE) done really, really well. But I tried to pick a few that haven't really had their best moves yet. BAY: OK. Let's take a look at Wind River Systems. It's down 12 1/2 percent year-to-date. It's well off its 52-week high. So at this price, is this a good time to buy it? LANDIS: I think this is -- this is a good year to start accumulating Wind River, but this is a stock that we're probably going to own for years. And this company makes all the operating systems that you don't see. You're familiar with the operating system on your computer and maybe you're familiar with the operating system on your cell phone, but I bet you're not aware of the operating system that runs the elevator in your building or the climate control or any of the other embedded systems that surround you. BAY: All right. Let's take a look at Digital Microwave. It's a wireless infrastructure provider. Now, obviously, the wireless sector is hot, but why this stock? LANDIS: Well, what's great about this stock is it's one of these great unknown invisible companies, and it's an example of how we'll take a a trend that we really like, but dig in and find sort of a less famous name. The only time you think of a radio company like Digital Microwave is when you can't get a signal on your cell phone, and you begin to wonder why. And the answer is that they haven't bought enough radios from Digital Microwave to build out their network yet. BAY: OK, and those two are in your top holdings in your value fund, but NetSilicon is not. LANDIS: Right. Well, NetSilicon is a smaller company. We also own a little bit of NetSilicon in our communications and in our innovators fund. This is a communications chip company, but it's a communications chip company with a little bit of a twist. The Internet is not just about hooking all the computers together; it's also about hooking together your printers and your copiers and maybe even your refrigerator. And that's the market that NetSilicon serves. And it's not that obvious, not that sexy, but it's a great market for this company. BAY: Kevin Landis, thanks for sharing your top picks with us tonight. LANDIS: Thank you.