Word: teche
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...this corner the old tech champion, weighing in at $235 billion in market capitalization, built on decades of solid earnings: Intel. And in the other corner the new tech challenger, having briefly hit $50 billion in market cap last week, and with dynamite earnings potential: Yahoo. These two heavyweights, by coincidence, held overlapping conference calls last week to discuss their fourth-quarter earnings reports with investment professionals. Intel is a bellwether because of its ubiquity in personal computers, so it has always drawn the bigger group of acolytes--until this year. Yahoo muscled in with runaway revenue projections, and suddenly...
...investor, I want a smattering of both old and new U.S. tech stocks, even if the prices of some Net stocks are overinflated to adolescent values. While it may seem counterintuitive to think of Intel as old tech, the market values hardware makers by a much more stringent standard than the newer Net businesses. Even though Intel and Seagate, the largest maker of personal-computer disk drives, signaled that sales are extremely robust, they are still in an industry that will be lucky to grow 20% in 1999. Yahoo, by contrast, is in a business that seems to double every...
Investors buy prospects, and the prospects are for a year of record earnings at Intel and another year of monster growth at Yahoo. But the volatility in tech and the Net in particular has increased dramatically, to the point where only thrill seekers can bank solely on the latter. At one point last week, with Yahoo up 90 points, to 443, I let go some stock, and was happy to buy it back some 100 points lower a day later, when, despite reporting blowout earnings, it had fallen with the rest of the Net stocks...
...handle that kind of volatility and prefer steadier performance, old tech may be your best bet. Neither old nor new tech, however, is for the squeamish. That's who they make bonds...
Your report on what it cost the city of Phoenix, Ariz., to encourage Sumitomo Sitix of Japan to locate a silicon-wafer plant there was intellectually dishonest in describing what occurred [SPECIAL REPORT: CORPORATE WELFARE, Nov. 23]. You ignored the fact that this company brought 400 new high-tech jobs and an annual payroll of $14 million to a section of Phoenix that offered few employment opportunities. You failed to note the additional wealth created by yearly payments to vendors of $10 million, a $1 million payment to Phoenix for development and impact fees and $5 million in construction sales...