Dave Kansas Chats on AOL, Dec. 9

Tech stocks: We all want more information while remaining mobile.
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Dave Kansas chatted on AOL MarketTalk Thursday, Dec. 9. 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 David Kansas, editor-in-chief at

TheStreet.com

. David can answer your questions about the markets and investing. David is

not

a stock analyst and does not offer.

TSCNYDK:

Thanks for having me here! Looking forward to your questions!

Question:

Are technology stocks overbought at these levels?

TSCNYDK:

I think that you have to look at not just all tech stocks, but specific groups. I think that a lot of the B2B and so-called Red Hots/Linux stocks are pretty expensive. But others haven't moved as sharply, like Intel or Mister Softie.

Question:

What are your recommendations for short-term investments?

TSCNYDK:

In the short term, I assume that you mean something for the next couple of weeks or something similar. I think there is a lot of momentum in the "new" tech areas. We're seeing some pullback today, but these stocks will continue to draw attention as people seek to stuff a little of the hot stuff into their portfolios before they have to send out those year-end statements.

Question:

Can't figure out the situation with Dell stock -- they have consistent, unbelievable earnings and revenues, yet the stock doesn't move -- why aren't people buying?

TSCNYDK:

Dell stock doesn't move? Maybe not in the past couple of days, but that chart is all over the place since Sept. I think the company is excellent but it suffers from the BIG number idea.

TSCNYDK:

It's easier to grow like gangbusters when you are smaller. Can they keep it up as they get more and more huge? I think some investors are wondering about that.

Question:

What are your thoughts on AOL, AMZN, DISH, CORL?

TSCNYDK:

Lots of different companies here. AOL: Great franchise, the question is can they really take it international. If they can solve Western Europe, they could be even stronger.

TSCNYDK:

Amazon. Great name, same international issues and I think despite all the carping about their profits, these guys are going to be one of the winners over the next three to five years.

TSCNYDK:

CORL seems like its catching the latest Linux fever but they've had plenty of difficulties in the past, so be mindful of that.

TSCNYDK:

Afraid I've got no Dish on DISH.

Question:

What about QCOM?

TSCNYDK:

This is the most amazing story of the year. These guys name a stadium, everyone says who and now they're the toast of the town. I do believe that Wireless is the big thing for 2000, and these guys seem to have a good handle on that. But right now they might be priced beyond perfection.

Question:

I bought a few shares of

TheStreet

at 66 (silly me). What's the L&S of your stock? Thanks.

TSCNYDK:

I'm afraid I can't really talk to the specifics of the stock. All I can tell you is that we are working as hard as we possibly can to fulfill the promise of our company. We're all stakeholders, too, so you know we are focused. Very focused.

Question:

I'm pretty heavy in tech stocks but also hold Sara Lee as balance--but it's done squat for last year. Sell for Amgen? Thanks.

TSCNYDK:

This is a tough call, because I'm not sure what kind of investment horizon you're working with. Over the longer term, several years, it's wise to keep a little powder in names away from the current white-hot sectors.

Question:

But CSCO on this dip?

TSCNYDK:

If you're thinking about the long term, CSCO is one of the very best companies in America. They're right at the heart of what matters in terms of the global explosion of the Net. As for the next few days, hard to say.

Question:

Everything I own is down today except EGRP. Is it about to blow?

TSCNYDK:

E*Trade has a strong brand name and is well positioned in the online trading world. Is it about to blow? I think you've got to have a little patience from time to time. The Nasdaq is up dramatically over the past 12 months and sometimes all those sweet stocks take a little breather.

Question:

Do you think small-caps will rebound in Y2K? If so, where would you invest? Please.

TSCNYDK:

Small-caps -- this is always such a tough issue. I think that you have to focus on small-caps that are doing things that matter to the big-caps. For instance, communications infrastructure or net-related equipment stocks can get picked off by the bigger companies who are looking to grow through acquisition.

TSCNYDK:

Also, small stocks generally do better when the economy is performing well. The economy seems to be strong right now, and if that continues, these stocks should get a little perk from that. But that area of the market sure has been frustrating, eh?

Question:

Do you have a handle on why WCOM has taken such a dump when T hasn't? I would think with the Sprint thing and stock split there would be some growth, not decline. Your opinion please.

TSCNYDK:

WCOM is trying to digest a ton of stuff right now and I think Wall Street is waiting for them to show that they can absorb everything they've brought in the door.

Question:

Hi David, what are your thoughts on wireless stocks like VTSS, Vitesse Semiconductor?

TSCNYDK:

Don't know much about the specifics of Vitesse, but the wireless thing is really going to be important. People are going to want to get more and more information while remaining mobile. And that means a new paradigm for us to consider.

TSCNYDK:

Right now most of this is tied to the desktop, but over the next little bit we could end up doing these chats while you're driving to work and I'm riding a train through Belgium. That kind of transformation is going to create a lot of value for wireless companies who can do it right.

Comment:

Thank you for joining us today David! We have been speaking with David Kansas, editor-in-chief at

TheStreet.com

.

TSCNYDK:

Thanks very much for having me on this chat!