THE WIRED INVESTMENT PORTFOLIO
Time to reap what has been sowed. Heading into the dog days of summer – historically a tech-stock doldrum – I'm selling 1,000 shares of AOL and all of Lucent, MMC Networks, Nextel, and Pilot Network Services. I'm picking up 3,000 shares of the new AT&T-Liberty Media tracking stock and 6,000 shares of Autoweb.com. I'm also reaffirming my commitment to NETA, which fell 58 percent last month, by doubling up.
– Jeffery Wardell (jwardell@hamquist.com)
| Company| Primary Business| Symbol| Shares| Close 5/3| Current Value| Since Purchase
HOLDING
| Abbott Labs | Pharmaceuticals | ABT | 2,500 | 48 5/16 | 120,781 | + 5 %
| America Online | Online services | AOL | 5,000 | 133 1/8 | 665,625 | + 421 %
| Cisco Systems | Network hw/sw | CSCO | 4,500 | 113 5/8 | 511,313 | + 183 %
| Federal Express | Freight delivery | FDX | 1,250 | 114 7/8 | 143,594 | + 33 %
| Guidant | Medical devices | GDT | 2,500 | 58 11/16 | 146,719 | + 1 %
| Merck | Pharmaceuticals | MRK | 2,000 | 70 11/16 | 141,375 | – 12 %
| Microsoft | Software | MSFT | 4,000 | 79 7/8 | 319,500 | + 91 %
| Network Associates | Virus sw | NETA | 5,000 | 13 1/16 | 65,313 | – 58 %
| Pfizer | Pharmaceuticals | PFE | 1,500 | 116 7/16 | 174,656 | + 18 %
SELLING
| America Online | Online services | AOL | 1,000 | 133 1/8 | 133,125 | + 421 %
| Lucent Technologies | Telecom eqpt | LU | 4,000 | 59 1/2 | 238,000 | + 80 %
| MMC Networks | Microchips | MMCN | 15,000 | 25 3/8 | 380,625 | + 41 %
| Nextel | Cellular provider | NXTL | 5,000 | 39 5/8 | 198,125 | + 35 %
| Pilot Network | Net security | PILT | 7,500 | 18 1/8 | 135,938 | + 40 %
BUYING
| AT&T-Liberty Media A | Cable programming | LMG/A | 3,000 | 65 7/16 | 196,313
| Autoweb.com | Ecommerce | AWEB | 6,000 | 24 | 144,000
| Network Associates | Virus sw | NETA | 5,000 | 13 1/16 | 65,313
Cash| $| $997,749
Portfolio Value 5/3| $| $3,692,251
Portfolio Value 4/1| $| $3,781,687
One-Month Portfolio Performance-2.36%Russell 2000 Index| +8.660%
Legend: This fund started with $1 million on December 1, 1994. Profits and losses are reflected monthly.
The Wired Investment Portfolio (formerly TWIT$) 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.
| NEW MONEY
| Quote
| Harvest Time
