Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : 3Com Corporation (COMS) -- Ignore unavailable to you. Want to Upgrade?

To: Richard P. Roberts who wrote (31277)	5/26/1999 5:16:00 PM
From: JDGarza	Respond to of 45548

Not sure if this was posted yet...but I didn't See it ..Looks like Abby is on our side....Sorry I couldn't link.. Headlines 05/26 16:42 Goldman Sachs' <GS.N> Cohen keen on value stocks By Al Yoon WALTHAM, Mass., May 26 (Reuters) - Value stocks that have lagged the market for two years remain cheap relative to the darling large growth firms and should continue to turnaround, Goldman, Sachs & Co. stockpicker Abby Joseph Cohen said on Wednesday. Without naming companies, the bull market guru, said the disparity in relative value between the large capitalization growth category and stocks in the small- and mid-cap value genre remains wide. "We're very pleased to see what's happened because the value is there," Cohen said after addressing the Massachusetts Pension Reserves Investment Management Board's Annual Client Conference at Bentley College. "But (other than disparity in relative value) there is a catalyst ... and that's that investors are feeling better about the (U.S.) economy," said the managing director and co-chair of Goldman Sachs Investment Policy Committee. Growth stocks, or companies that are expected to outperform the market, have lost some luster after two years of strong gains. Stocks that are seen as bargains, or value stocks, have outperformed growth shares since April. Investors may feel better about these value stocks because global economies have improved, albeit slightly, boding well for the United States' economic outlook, Cohen said. This helps value and/or "cyclical" stocks, which tend to rise and fall on expectations of economic health. Cohen said corporate profits should be "great" in 1999 following disappointing performances for many companies last year. "1998 was not a great year for U.S. companies because of what was happening in the global economies ... but when you look at those companies most affected by the (global woes) they are already doing better in 1999," she said. Reflecting that optimism, she said upward revisions of 1999 U.S. corporate earnings estimates are running at twice the pace of downward revisions. Asked about the Internet craze, she said some of the best plays were companies that provide infrastructure and support for e-commerce like IBM,<IBM.N> EMC Corp.<EMC.N> and 3Com Corp.<COMS.O> ((--Al Yoon, Boston newsroom, 617-367-4106; fax, 617-248- 9563; e-mail, boston.newsroom@reuters.com))