Technology Stocks : BEA Systems (BEAS) - Undiscovered Growth Stock


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To: Howard Bennett who wrote (1352)9/28/2000 6:41:04 PM
From: Zelix of 2477
 
New IT stars, according to Red Herring - BEAS, ..

redherring.com 

Personal Capital: Upstart upstage
By R. Scott Raynovich
Redherring.com, September 28, 2000
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You could not have created a more gloomy, pessimistic environment for technology stocks than has been painted in the last week. So is this the end of the majestic bull market for technology stocks -- one that has lasted for more than a decade now -- or the beginning of something entirely new?

I think it's the beginning of something entirely new.

You've heard the news a thousand times already: Intel (Nasdaq: INTC) has warned about missing its quarter. Cisco Systems (Nasdaq: CSCO) is in a prolonged slump, and there are rumors that it may miss a quarter. Microsoft (Nasdaq: MSFT) seems to trade on nothing but Department of Justice (DOJ) news over the past year. Shocking!

But the market isn't nearly bad as it looks -- it's just shifted from a set of older, larger-cap players to a set of rising stars. The stock movements of these old-line players largely influence the value of the Nasdaq Composite. But that doesn't tell the whole story.

What about stocks like BEA Systems (Nasdaq: BEAS), EMC (NYSE: EMC), Research in Motion (Nasdaq: RIMM), Cacheflow (Nasdaq: CFLO), Redback Networks (Nasdaq: RBAK), and Siebel Systems (Nasdaq: SEBL)? They are far from dead -- in fact they look damn healthy.

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