Christopher Edmonds Chats on AOL, July 14

Edmonds loves Finland and Nokia -- check out the chat transcript to pick up more travel and stock tips.
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Christopher Edmonds chatted on AOL MarketTalk on Friday, July 14. AOL's MarketTalk is hosted by Sage Online (Keyword: PF Live).

Comment:

Live from Atlanta, GA, please welcome Chris Edmonds, contributing editor, TheStreet.com. Chris can answer questions about the markets, funds, utilities and the wheelings and dealings of

Warren Buffett

.

CSEonTSC:

Great to be here -- thanks -- what a day -- good action this week. And with the tobacco verdict I assume the questions are ready. Lets get going!

Question:

Is the Business to Business Internet sector a good place to invest considering Ariba's great earnings?

CSEonTSC:

Ariba blew them out, indeed. I think there is room here, but be selective. And like I've said before, I want to focus on the companies that make B2B work -- so I favor the Ciscos, Exodus's, Oracles of the world. Long all of them and long ABA.

Question:

Will the opening of the new movie "The X-Men" give a boost to Marvel Enterprises

MVL?

CSEonTSC:

No - next.

Question:

Is it time to sell vtss? Will this stock ever not be so volatile?

CSEonTSC:

Not in the near future -- too much excitement and ups and down in the space. Doesn't mean you can't play it, just be ready for the swings.

Question:

Are you bullish on the laser vision correction sector and stocks like Visx and Laser Vision Centers?

CSEonTSC:

Has been a tough sector. Liked Summitt from the beginning. Not playing any of them now, however.

Question:

Anyone have thoughts on CMGI?

CSEonTSC:

I do -- would you like to know them. . . Seriously, I think the incubators are over sold. However, read the conversation between Cramer on Greenberg on RealMoney for some great insight. The problem is they will never be recognized for their value and will always trade at a discout -- sort of the closed-end fund problem. . .I am looking hard at CMGI now though...

Question:

What are your thoughts on the online brokerage sector and stocks like Schwab, E*Trade and AmeriTrade?

CSEonTSC:

E*Trade and Schwab are leaders for differnet reasons. However, like Cramer, I've been burned one too many times trying to trade them. That said, I think E*Trade is attractive at these levels. AMTD needs to prove itself with delivery before I touch it!

Question:

Feelings on scnt?

CSEonTSC:

Not really -- better places to be.

Question:

Give me your thoughts on Nokia.

CSEonTSC:

Just came back from Finland -- a great place to visit. And, a country with a great company in Nokia. They are the real leader in the wireless space. I was amazed at the gadgets and advances in technology they are rolling out in Finland and on in Europe. And, it looked to me like they own the market in France and Finland.

CSEonTSC:

I don't know where Ericcson was. I am long it and keep buying it. Expect good things ahead! By the way, read Tero Kuittenen's excellent stuff on the site recently on the future of the wireless revolution. AWESOME insights.

Question:

What is your idea on SEBL?

CSEonTSC:

Don't really have one -- sorry.

Question:

What do you think of Microsoft in light of the problems that it is having with the Government?

CSEonTSC:

I'm long MSFT and love its prospects. Regardless of what it looks like, its parts should continue to dominate. And, I think the only lawsuit that may last longer is the tobacco suit in Florida.

CSEonTSC:

Also, I think Mike Murphy blew it with his call of underperformance yesterday. He was using the wrong data. The quarter will be just fine and the company will do great. They are a leader and I want to own leaders -- MSFT, NOK, etc.

Question:

What type of exposure to foreign stocks should a long-term investor have?

CSEonTSC:

Great question -- I would say you should look at about 10-20% of your portfolio with some foreign exposure.

CSEonTSC:

That said, some of that can be in US companies with great and real exposure to foreign markets. The rest, for the average investor, is probably best left to foreign mutual funds. Too expensive and difficult to do individual names on your own

Question:

In your estimate...how many people do you think own stock?

CSEonTSC:

7 x 10-5E or however you write a scientific equation. A heck of a lot and a lot more than there were 10 years ago! I'd guess 80%-plus if you include retirement plans and company stock in employers.

Question:

View of drug sector and in particular SGP?

CSEonTSC:

I like the drugs long-term, however they haven't acted well this week. Some big rotation out of the sector. I think though, good names - and SGP would be among them - are good core holdings. Also, look at the biotechs. But, again research and quality are important here! Be selective.

Question:

What do you think about SCMR? Would you prefer CIEN?

CSEonTSC:

Both are good companies. Hard to tell what to think of the techs from here, however. Next week will be a big tell on a number of those names, I think.

Question:

Is aol/q a buy here?? at 62, and 56 respectively? Thanks.

CSEonTSC:

Long AOL and like its prospects here -- great action today. Think the Time Warner problems are behind them and expect it to be a great company. After all I'm in Turner-ville!

Question:

What do you think the long term is for MOT?

CSEonTSC:

Good numbers, but I'm not sure I want to bet against NOK as a competitor.

Question:

SSTI is going to report earnings on july 18 and it will split on aug. 18. What are your thoughts on ssti please?

CSEonTSC:

Don't really, sorry. But check TheStreet.com. Great coverage of the industry!

Question:

Is a 7.75% return in the first quarter good on my mutual funds?

CSEonTSC:

Yes -- I assume you mean the first half. For the first six months, the S&P was down a bit and the Dow down as well. I'd take it!

Question:

Will Bank One cut dividend in half? What's the outlook for the long term?

CSEonTSC:

Great question -- talk about a disappointing story. Don't know about the div cut for certain but I'd stay away. Just too much negative there still. Look at better banks!

Question:

How do you feel about informix (ifmx)

CSEonTSC:

Decent company - don't have a position though.

Question:

Why amzn been upgrade by solomon smith barney while this company is on the verge of bankruptcy?

CSEonTSC:

Not on the verge of bankruptcy -- sure, they have their issues, but Bezos is a smart guy -- they are a survivor. Nice action in the stock today. They aren't going away any time soon!

Question:

Do you see any slow down in the semi's that could affect COHU?

CSEonTSC:

Semis look pretty good to me in here. Balance in S/D looks good and pricing seems alright. Numbers for the quarter should be very good!

Question:

What is your opinion of EXDS?

CSEonTSC:

Long EXDS -- Think it is the company to own, along with DIGX. Don't know what will come of the Global Crossing deal, but think there is a good chance they may get together with DIGX long term. They are the play in the sector. Like it a lot. Look for a very good 2nd quarter number!

Question:

Your top five technology picks for the long long term.

CSEonTSC:

Great question -- my thoughts today -- ORCL, INTC, CSCO, DELL, and, what the heck, AMZN. Am long all except AMZN at the moment.

Question:

So, what do you think about mo??

CSEonTSC:

Timely -- check out Real Money.com for the discussion going on right now among the columnists. I like the prospects long-term, but I think you wait a week and don't lose a lot as the procedural issues of the next step in the trial in Florida are worked out. Then, you may find a very nice entry point.

CSEonTSC:

As for the verdict, it will never stand -- its a matter of how they go about working the process from here.

Question:

What is your view on pmc sierra?

CSEonTSC:

Good company -- nice move -- again, in these techs, I'd watch next week very carefully. I think that will be the tell for the balance of the summer.

Question:

Is Lucent tech a hold in your opinion?

CSEonTSC:

A hold in here yes, I want to see numbers before I get more bullish, however. Tough competitors in their space -- like Nortel better! Long Nortel

Question:

Thoughts on DoubleClick?

CSEonTSC:

Think the whole internet sector is coming back -- the winners and the losers will become very obvious soon. Think DCLK wins.

Question:

TYC opinion please?

CSEonTSC:

Great news today -- the SEC probe is over. They are a leader in their industries Like the prospects for security growth and innovation and like the CEO a lot. I think they showed a lot in the way they handled the SEC probe. A great company with a great future. Wish I was long!!

Comment:

Thank you for joining us today Chris! We have been speaking with Chris Edmonds, contributing editor, TheStreet.com.

CSEonTSC:

Thanks so much -- stay tuned to TheStreet.com network in the coming weeks as the markets and the weather heat up. See you on RealMoney and TheStreet.com. Thanks to the great people at AOL and Sage. It's always a lot of fun. Look forward to coming back soon!