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Technology Stocks : High Growth Techstocks for 1998 -- Ignore unavailable to you. Want to Upgrade?

To: White Shoes who wrote (306)	1/8/1998 9:07:00 PM
From: White Shoes	Respond to of 598

To all, Red Herring's Top 10 Tech Stocks for 1998. Interesting, but do I need someone to tell me to buy IBM, Lucent, Cisco, and Peoplesoft (maybe so cuz I'm not doing it)? They also like Yahoo. Of the smaller companies, they mention a couple trading at 50X 1998 earnings...all in all I feel safe in predicting a negative return for the bloated entities in Red Herring's portfolio. Looks like creativity is hard to come by. What are there, 50 analysts covering IBM? Why bother? I do agree with their emphasis on "networks, telecommunications, communications, software" over chips, gizmos, & hardware. But that's about it. The valuations on their picks are staggering. Sure they're great companies but my idea of how to get superior returns would be to look for 10-baggers (with some degree of safety in them). Can a $100 billion company become a 10-bagger? More likely it will not grow at all. herring.com