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The Rulers:
CISCO - They make the hardware/software that makes the internet work. Superior management. An aquisition machine that integrates newly bought companies at light speed. Financial performance consistantly beats anlayst's expectations. Dominating market share for their products. As the internet grows so will Cisco.
AOL - The premier internet blue chip. A giant whos revenues actually are in the billions, not millions. They are the leading Internet Service Provider, #1 Portal, and an E Commerce 100 pound gorilla. AOL's new subsriber growth is increasing at an unprecedented rate. Regularly exceed analyst's earnings expectations. CEO Case has proven to be a superior leader.
MICROSOFT - They own the desktop application market. MSN Internet sites quickly became some of the web's most popular, like Expedia (leading travel e-commerce web site) Dominating financial performance. Management has proven ability to change their strategy and execute immediately and flawlessly. They play Wall Street's expectations like a fiddle.
The Leaders:
CHARLES SCHWAB - Reinvented the brokerage business by embracing the internet faster and better than the rest of the world. Their customers (of which I am a happy one) drive their business. Dominating customer service model with strong internet, phone and brach office service delivery channels. New customer and assett growth is very impressive. Solid management team. Regularly exceed Wall Street's expectations.
EMC - They make the data storage hardware and software that leading organizations demand. This demand is skyrocketing as every piece of electronic information/data needs to be stored in the new knowledge economy. Superior management which has proven their ability to see the future better than the competition. Very impressive revenue and earnings growth. Reguarly exceed Wall Street's expectations.
LUCENT - They make the technology that telecommunications demands. Similar to their archrival CISCO in past earnings/revenue growth. An aquisition machine. Known to exceed Wall Street's expectations regularly.
IBM - Big blue has reinvented itself to be the global choice for Hardware, Intellectual Capital, Services and Software. CEO Gernstner has proven to be one of the world's greatest business leaders. Significant growth in their Services business. Their technology research and development is best in class and consistantly the #1 volume leader owner of new patents. Recent earnings growth has exceeded Wall Street's expectations.
ATT - Similar to IBM's story, old Ma Bell has reinvented itself as the aggresive communications powerhouse to beat. CEO Armstrong has proven himself as a strategic wizard who makes the right decisions and aquisitions swiftly. Customer service vision drives Armstrong's impressive moves toward making ATT a one stop shop for consumer's communication (phone, wireless, internet, cable) needs. Strategy of aquiring major cable companies to bypass the babybell's strong hold on local phone service is ingenious (phone service can happen over cable lines).
THE RISING STARS:
SUN MICROSYSTEMS - They make the hardware that hosts the internet sites and electronic commerce solutions. They also are a software leader, especially internet software like JAVA. Revenue/earnings growth has been impressive over the past year. All indications point to a continuation of this trend. Outspoken CEO McNeely has proven to be one technology's greatest visionaries.
QWEST COMMUNICATIONS - Qwest is one of the world's leading bandwidth builders and service providers. Bandwidth is the equivalent to the plumbing for the internet, electronic commerce and telecommunications networks. Interesting story: founder and major stockholder Anschutz owns major railroad properties across North America. He brilliantly came up with the idea of laying state-of-the-art fiber optic cable via his railroad lines. Aquired LCI Communations (#4 long distance service provider) to pay the bills while they build their new dominant bandwidth backbone. Recently exceeded Wall Street's expectations.
MCI WORLDCOM - Like ATT and Qwest, will be one of the few telecommunication powerhouses left standing when the dust settles. Smart strategic aquisitions of
MFS (leading local telecom provider focussing on corporate customers) and UUNET (leading Internet Service Provider) will continue to demonsrate MCI Worldcom's domininace in providing the bandwidth to the internet and telecommunications' world. Solid earnings/revenue growth.
OLD FAVORITES:
DELL - It was a difficult decision for me not to list DELL under the ruler or leader category. It invented the direct sales model for the PC industry. It currently sells over $14 million a day in internet revenue. It intimidated former leaders like COMPAQ to be more like DELL. It's founder and CEO Dell has proven himself to be once of the worlds greatest business leaders. It is the best performing S&P 500 stock over the past 10 years. Recently expanded its website to include non-PC software, hardware and misc. products. The best example of electronic commerce. But it's in a tough business. It's going to be a challenge to beat Wall Street's high expecations for growth in the future. But bet on Dell for the long term.
A quick word about risk and the pure internet stocks (AOL, Amazon, EBAY, & Yahoo). The market is currently valuing these companies at unprecedented levels. In other words, they are greatly overpriced compared to traditional valuations. Therefore these stocks are more risky than the rest of the Market Leading Technology Companies. If you can't stomach the risk, either reduce the amount you invest in comparison to others or avoid them completely.
Recent Purchases:
AMAZON - The premier consumer internet commerce company. Founder and CEO Bezos has proven to be one of the internet's best leaders and strategists. They achieve phenonmenal growth by and intense focus on their customer's needs. Orginally dominated books and recently conqured CDs. Very recent focus on on-line auctions is making E-Bay a little nervous. Due to extreme volatility in its stock price (along with every other pure internet company) is likely you can buy it on a 20 % correction, if your patient.
EBAY - The internet auction dominator. Provides an electronic auction internet site that brings buyers and sellers together like its never been done before. E-Bay makes a service fee for every transaction. They are revolutionizing the term market. Revenue/earnings growth is stellar. Like Amazon, it's likely you can buy it on a 20 % correction, if your patient.
Stocks I want to own:
YAHOO - First I need to thank Yahoo for providing the links to all the stocks listed on this page. Yahoo is the internet portal King. One of the few pure internet companies that actually have earnings. Smart aquisitions like GEOCITIES (also a quick thanks to Geocities who hosts TechStockMania) and a sharp focus on their customers results in making their site one of the worlds most popular. Like the rest of the pure internet plays, it's likely you can buy it on a 20 % corretion, if your patient.
Just Bought:
BROADCOM - Makes the chips that make broadband (high speed internet/data communications) work. Impressive revenue/earning growth. Recent announcement of a new chip that will increase the speed of data 10X over traditional copper wires. As broadband continues to explode with growth so will Broadcom.
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