THE WIRED INVESTMENT PORTFOLIO
Don't you love being ahead of the curve? With everyone suddenly worried about a slowdown in PC sales, the portfolio – heavy on telecom infrastructure, Net content, and health care – looks to be in just the right place.
But I'm selling 2,000 AOL shares to address a potential overweighting in Net content, and the entire stake in Ciena (up 23 percent) because I believe more strongly in competitor Lucent.
With the beefed-up war chest, I'm buying 5,000 shares of Nextel. The cell phone company sold off part of its hardware infrastructure to focus on its core service business. And Craig McCaw's involvement tells me the company will be an ever growing presence in wireless.
– Jeffery Wardell (jwardell@hamquist.com)
| Company| Primary Business| Symbol| Shares| Last Trade 3/1| Current Value| Since Purchase
HOLDING
| Abbott Labs | Pharmaceuticals | ABT | 2,500 | 45 15/16 | 114,844 | 0%
| America Online | Online services | AOL | 6,000 | 89 9/16 | 537,375 | + 251%
| Cisco Systems | Network hw/sw | CSCO | 4,500 | 99 7/16 | 447,469 | + 147%
| Federal Express | Freight delivery | FDX | 1,250 | 93 13/16 | 117,266 | 8%
| Guidant | Medical devices | GDT | 2,500 | 56 1/8 | 140,313 | – 4%
| Lucent Technologies | Telecom eqpt | LU | 2,000 | 102 7/8 | 205,750 | + 56%
| Microsoft | Software | MSFT | 2,000 | 151 3/4 | 303,500 | + 81%
| MMC Networks | Microchips | MMCN | 15,000 | 14 | 210,000 | – 22%
| PeopleSoft | Enterprise sw | PSFT | 4,000 | 18 3/4 | 75,000 | – 42%
| Pfizer | Pharmaceuticals | PFE | 1,500 | 13 1/8 | 199,688 | + 35%
| Pilot Network | Net security | PILT | 7,500 | 8 1/16 | 60,469 | – 38%
SELLING
| America Online | Online services | AOL | 2,000 | 89 9/16 | 179,125 | + 251%
| Ciena | Optical networking | CIEN | 5,000 | 26 13/16 | 134,063 | + 23%
BUYING
| Nextel | Cellular provider | NXTL | 5,000 | 29 7/16 | 147,188
Cash| $567,187
Portfolio Value 3/1$3,126,049
Portfolio Value 2/1$3,259,594
One-Month Portfolio Performance– 4.10%Russell 2000 Index| – 7.44%
Legend: This fund started with $1 million on December 1, 1994. Profits and losses are reflected monthly, with profits reinvested in the fund or in new stocks.
The Wired Investment Portfolio (formerly TWIT$) is a model established by Wired, not an officially traded portfolio. Jeffery Wardell is a senior vice president in Executive Financial Services at Hambrecht & Quist LLC and may have a personal interest in stocks listed in the WIP. The opinions expressed herein are those of the author and not necessarily those of H&Q's research department. H&Q has not verified the information contained in this article and does not make any representations as to its accuracy and completeness. Wired readers who use this information for investment decisions do so at their own risk.
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