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Technology Stocks : America On-Line (AOL) -- Ignore unavailable to you. Want to Upgrade?

To: Lee Martin who wrote (12565)	4/24/1999 2:09:00 AM
From: stock_bull69	Read Replies (1) \| Respond to of 41369

Lee, good points regarding the outdated companies currently in the DOW that AOL may replace. Unless my memory escapes me a few of the companies you mentioned currently trading on the NAZ, including INTC and MSFT, apparently have been offered the opportunity to join the DOW but declined. Another wanna be DOW newbie might include SCH. Steve

To: Lee Martin who wrote (12565)	4/24/1999 5:02:00 AM
From: Larry Zenith	Respond to of 41369

Lee, Good point about AOL joining DOW. Ralph Acampora mentioned that had AOL joined DOW, 10k would have been reached long time ago. Another point of view, although DOW is still THE most watched index in the world, it has lost a lot of luster lately. MSNBC published an article about which index is best representative of US economy, the conclusion: DOW is obsolete, S&P 500 is much appropriate index. Man, think about it, it is ridiculous to use 30-stock index to describe a much more complex economy than it was a century ago. DOW is keeping changing itself. In 97, it dumped Texaco, Woolworth and ( I forget ), added HWP and other 2. If DOW wants AOL, it should not dump HWP, GT is the better choice. I am high-tech investor, Dow has only psychological meaning to me, since most of my holdings ( AOL is an exception ) are NASDAQ stocks. What I think Dow should do: 1) have more tech since that is where the growth is. ( AOL, LU, EMC) 2) the best should be, break that big-board-stock-only rule to allow NASDAQ stock to join Dow, (MSFT, INTC, DELL, CSCO, WCOM ). LZ