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Technology Stocks : Cisco Systems, Inc. (CSCO) -- Ignore unavailable to you. Want to Upgrade?


To: Raymond Clutts who wrote (24453)4/16/1999 4:26:00 PM
From: Zoltan!  Read Replies (1) | Respond to of 77397
 
Fidelity Magellan drops Lucent from its top holdings, maintains Cisco among its top 10 holdings for the future:

Friday April 16, 1:08 pm Eastern Time

Fidelity's Magellan adds Time Warner, Citigroup

BOSTON, April 16 (Reuters) - Fidelity Investments' flagship Magellan fund added Time Warner Inc. (NYSE:TWX - news) and Citigroup Inc. (NYSE:C - news) to its top 10 holdings as of the end of March, the world's largest mutual fund family reported on Friday.

The two stocks squeezed Intel Corp. (Nasdaq:INTC - news) and Lucent Technologies (NYSE:LU - news) from the ranks of Magellan's top holdings, Fidelity reported in its monthly mutual fund guide.

Fidelity said Magellan's assets under management reached $90.7 billion at the end of March, increasing from $85.8 billion at the end of February.

General Electric Co (NYSE:GE - news). held its position as Magellan's top holding at the end of the first quarter, Fidelity reported.

Other stocks keeping their spots in Magellan's top 10 holdings included Microsoft Corp. (Nasdaq:MSFT - news), MCI WorldCom Inc.(Nasdaq:WCOM - news), America Online Inc (NYSE:AOL - news). , Home Depot Inc., MCI WorldCom Inc.(Nasdaq:WCOM - news), America Online Inc (NYSE:AOL - news). , Home Depot Inc.., Cisco Systems Inc (Nasdaq:CSCO - news). , Merck and Co. Inc. (NYSE:MRK - news) , and Wal-Mart Stores Inc. (NYSE:WMT - news).

Fidelity closed Magellan, the nation's largest mutual fund, to most new investors in August 1997.
biz.yahoo.com




To: Raymond Clutts who wrote (24453)4/16/1999 4:29:00 PM
From: RetiredNow  Respond to of 77397
 
yeah. I thought maybe there was a specific reason. Not like I would sell for anything short of John Chambers and the CFO simultaneously resigning. I'm just wondering if there is some FUD being spread that would drive it down further, so I could pick up some more shares.