Adam Lashinsky Chats on AOL, Nov. 17

<I>TSC's</I> Silicon Valley columnist chats with readers about Qualcomm, Dell, Ariba, Sony and more.
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Adam Lashinsky chatted on AOL MarketTalk Wednesday, Nov. 17. AOL's MarketTalk is hosted by Sage Online (Keyword: PF Live). As with all chats, this transcript is unedited.

Comment:

Live from New York, NY, please welcome Adam Lashinsky, columnist at TheStreet.com. Adam can answer your questions about high-tech and Internet stocks of the Silicon Valley.

Sage Lion:

Welcome to MarketTalk Adam!

Adam Lashinsky:

It's important to note that I am not a technician like Gary Smith, I look at companies from a more fundamental basis. I try to take the pulse or the tone of Silicon Valley. Those are the types of questions I'd love to answer.

Question:

What benefits will Qualcomm realize from selling its cell phone business?

Adam Lashinsky:

QCOM is clearly a huge leader from the stocks perspective, however, it strikes me as far too volatile for someone who doesn't know the business well to trade in and out of.

Question:

How can Dell be a success long term with PCs being more of a commodity?

Adam Lashinsky:

Theres a number of ways Dell can be a success long term, first of all Dell still has a relatively small share of the PC Market. The company will have large growth by taking share from the so called White Box manufacturers. In other words, the no name manufacturers.

Adam Lashinsky:

Secondly, Dell will continue moving into areas like servers, or even auctions and they will use their amazing management skills to be a success. I think you are right about PCs being a commodity and Dell will rely on PCs for a smaller portion of it's overall revenues going forward.

Question:

What are some of the more interesting companies coming out of Silicon Valley?

Adam Lashinsky:

Without going into too many specific companies, you want to be looking at Business to business internet applications and application server providers will continue to be all the rage, companies like Ariba and Commerce One. Those two are very well known, there will probably be 100 new public companies in the ASP sector.

Question:

It seems that you like QCOM. Would you be a long term holder of this stock???

Adam Lashinsky:

I don't give investment advice as you know. But, ask yourself this question, do you think that wireless communications are going to continue to grow. Also, who are the leaders in wireless? Now you be the judge.

Question:

Sitting where you are, what exciting trends do you see happening as a result of the Net?

Adam Lashinsky:

Let's look at one unexciting trend for a moment and that is that business to consumer companies like AMZN like ETYS are becoming less unique, less original. They are just retailers now. They are still going to have fast growth but at some point they really aren't internet companies any more.

Adam Lashinsky:

In other words, the honeymoon will be over for business to internet, business to consumer companies. Just because the honeymoon is over doesn't mean there can't be a good marriage. There Will still be good companies but not everyone will be an automatic winner the way they were over the last year or so.

Question:

Any thoughts on the TV/internet convergence and the companies involved?

Adam Lashinsky:

After nearly a decade of more talk than promise, the TV/Internet convergence is finally happening but it's totally unclear who the winning companies are. One winner, believe it or not, is Sony, it's not exactly a hot internet company but they are going to play a key role in TV/Internet convergence.

Sage Lion:

Thank you for joining us today Adam! Any thoughts going forward?

Adam Lashinsky:

Thanks for having me!