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Despite tech stocks mania, some are undervalued

THE BALTIMORE SUN

ARE YOU TEMPTED to buy high-tech stocks at the current price levels? Personal Finance says, "When historians look back, they'll place today's high-tech buying mania with 'the Tulipmania' of 17th-century Holland, when speculative fever bid tulip bulbs to sky-high levels -- before they crashed."

"Nevertheless," the article adds, "some tech stocks are still undervalued." It lists, under "Priced to Move": Arrow Electronics Inc., Avnet Inc., CIBER Inc., Compaq Computer Corp., Hewlett-Packard Co. and MCI WorldCom Inc.

"About 75 percent of stocks that split under-perform the market significantly. Greatest upside potential: Buying within the 60-day period before the split is announced. To predict splits, look for stocks trading within 10 percent of their all-time highs." (Right Line Report)

"Too many people look at recent mutual fund performance and buy recently 'hot' funds. There's no relationship between one-year winners and long-term top-performers. Instead, choose funds with outstanding five-year periods." (Burton Greenwald, mutual fund consultant)

WALL STREET WATCH: "The fourth year of a presidential term [election year] is supposed to be an 'up' year. You have to look back to 1960 to find one that was not." (Barron's)

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