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Technology Stocks : TLAB info? -- Ignore unavailable to you. Want to Upgrade?

To: John Carragher who wrote (2901)	8/6/1998 1:45:00 AM
From: Beltropolis Boy	Respond to of 7342

>They just can't make up their minds over this stock. fwiw, culled from thestreet.com. ----- MIDDAY UPDATE Aug. 5, 1998 Top Stories: The TSC Shopping List -- What the Pros Are Buying (Editor's note: The stock market is gyrating, information is scarce and Wall Street is trying its best to figure out what the heck is going on -- and so are we. TSC staffers are scouring Wall Street in search of possible buying opportunities for our readers. We will continually update this shopping list all day, finding nuggets of opportunity wherever we can. If you have ideas, send us an email at letters@thestreet.com.) Bandwidth and Boomer Stocks "I always worry about it when stocks go down," says Erik Gustafson, manager of the Stein Roe Growth Stock fund, "and clearly this market wants to go down." Gustafson sees the dip as a buying op for certain stocks, since he remains positive on equities. So what is he doing today? First and foremost, he is selectively buying telecommunications equipment. "The fundamentals of that business are exceptional," he says, highlighted by Cisco's (CSCO:Nasdaq) earnings release last night. "Look at all the devices we use today. We need to build out our telecommunications infrastructure." Gustafson calls Cisco an "absolute buy" and says he has "loaded up" on Lucent (LU:NYSE). He adds that Tellabs (TLAB:Nasdaq) is "spectacular at this level" and he's also buying Alcatel (ALA:NYSE ADR). Gustafson also like the financial services and health-care sectors, both of which are driven by the needs of millions of baby boomers. Even with that bias, he is buying very selectively here -- the only stock he is adding is Household International (HI:NYSE), a consumer loan and credit card provider. -- Mavis Scanlon