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October 2, 2000 - Are
you ready for the fourth quarter boom in technology stocks?
Historically, the technology sector
experiences double digit growth in the fourth quarter (i.e. today forward). A
few of my personal holdings, although down for the past quarter, should
experience an upturn as the year wraps up.
The first is Lucent Technologies
(NYSE: LU, $30) which
designs, develops and manufactures communications systems, software and products
may be the next success story on a recovery basis. Shareholders of Lucent today
were gifted with its spin-off, Avaya (NYSE: AV) which was shed to allow
Lucent to focus on the "internet" business. Lucent will continue this
type of reorganization and with a few managerial tweaks, should produce double
digit returns by year-end. Coverage on Avaya was initiated today
with a Buy recommendation from Orckit Communications Ltd.
The second is Conexant Systems (NM: CNXT,
$41) which provides semiconductor products and systems solutions for
communications electronics has set the stage to split the company in two (see
press release) which will unlock significant potential/value. Again,
Conexant should easily produce significant growth through the end of the year.
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