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Technology Stocks : WDC/Sandisk Corporation -- Ignore unavailable to you. Want to Upgrade?

To: Mike Winn who wrote (1460)	11/11/1997 5:23:00 PM
From: scott	Read Replies (2) \| Respond to of 60323

Thread, FYIW I thought the following perspective would be interesting to all. These are comments from M. Murphy regarding tech investing.......I know......this is preaching to the choir. But, taken from the perspective that 90% of Wall St. analysis is still in "old economy" companies and that the investment emotions in tech are extremely jittery now, we have a situation where patience will be called for in waiting out SNDK fruition. <<''This is an industry that is just beginning,'' said technology and biotechnology authority Michael Murphy at the recent Informed Investors' Electronics & Technology Forum in San Diego. ''We are about 20 years into a 40-year cycle in the semiconductor side and we're just starting a 40-year cycle in the biotech side. These two revolutions put together are going to change the whole economy and there are going to be huge, huge winners. We are already seeing the great new family fortunes being built -- the Bill Gates, Larry Ellison, Jim Clark, Mark Andreeson ... those are the kinds of stories you get when the economy is shifting. ''To get the wind at your back as investors, you need to put your money into these new areas because this is where the growth is,'' Murphy said. ''The most important thing to to take away today is that your future rate of return is going to be improved by allocating more of your assets to the new economy.'' Murphy said 90% of Wall Street analysts remain focused on ''old economy'' stocks such as autos, steels and the consumer growth stocks such as Coca Cola (NYSE:KO - news) and Phillip Morris (NYSE:MO - news). ''Less than 10% are following the new economy of technology and biotechnology,'' he said. >> P.S. - ROFL = rolling on floor laughing