Blue Chips and Established Technology Stocks Reign in Investor Tournament $1,000 Prize to Investor Who Can Best Predict Winners.Business Editors LOS ALTOS Los Altos (lôs ăl`tōs, lŏs), residential city (1990 pop. 26,303), Santa Clara co., W Calif.; inc. 1952. There is diversified light manufacturing. HILLS, Calif.--(BUSINESS WIRE)--March 21, 2001 Amazon, eBay, and CMGI CMGI Commonly Maintained Grounds Infrastructures CMGI College Marketing Group Information (Services) are out. Household-named companies Walmart, GM, Microsoft and Cisco and some tech start-ups stand strong. Mature company stocks were king in the first round of March Money Mayhem (http://www.fastangels.com/moneymayhem/), an online parody of NCAA's March Madness March Madness may refer to:
Poised for next round playoffs are Microsoft vs. Sun, Dell vs. Walmart, Phillip Morris vs. Oracle, and Proctor & Gamble vs. startup Third Wave Technology (DNA DNA: see nucleic acid. DNA or deoxyribonucleic acid One of two types of nucleic acid (the other is RNA); a complex organic compound found in all living cells and many viruses. It is the chemical substance of genes. technology for research, treatment, & diagnostics). Blue chips rebounded from early voting Early voting, is the process which voters can cast their vote on a single or series of days prior to an election. Early voting can take place remotely, such as by mail, or in person, usually in designated early voting polling stations. , giving solid leads to Boeing, Phillip Morris, Home Depot The Home Depot (NYSE: HD) is an American retailer of home improvement and construction products and services. Headquartered in Vinings, just outside Atlanta in unincorporated Cobb County, Georgia, Home Depot employs more than 355,000 people and operates 2,164 big-box and duPont. But don't count out technology companies like Dell, Microsoft, Cisco and Sun Microsystems who solidly beat extreme investments such as gold coins Gold coins Coin minted in gold, such as the American Eagle or the Canadian Maple Leaf. , luxury spa weekends and red on the roulette wheel. In surprising upsets, tech startups Riverstone Networks, Third Wave Technology and Alliance Fiber Optic triumphed over stalwarts Ariba, eBay and AIG AIG addressee indicator group (US DoD) AIG American International Group, Inc AiG Answers in Genesis (religious group in defense of Scripture) AIG Artificial Intelligence Group AIG Australian Industry Group . Two surprise upsets highlight the results: Cash triumphed over Amazon.com while Yahoo won over a diamond ring. Sponsored by CBS (Cell Broadcast Service) See cell broadcast. Marketwatch and Fast Angels Ventures, March Money Mayhem is a month-long contest where investors are invited to vote on investment options in four categories: technology stocks, startups, blue chips and non-stock personal indulgences over five rounds. A prize of $1,000 will go to the investor that most accurately predicts the winners of each match-up. Second round voting starts today and ends Friday, March 23. "So far, the tournament appears to reflect the mood of investors in today's market. With the recent market downturn, investors are diversifying their bets and placing their trust in conservative investment vehicles such as blue ribbon Dow and technology stocks, cash and Roth IRAs," said Fast Angels(TM) General Partner Mark Breier." We thought personal investments such as Olympics tickets, lottery tickets and car payments would emerge as investments of choice because stock returns have plummeted compared to last year. But it appears investors are willing to stay in mature stocks and even in a few promising start-ups." For full results, visit www.fastangels.com/teams.html. The contest is sponsored by Fast Angels Ventures (www.fastangels.com), a new seed fund for technology entrepreneurs, and CBS MarketWatch (www.cbsmarketwatch.com). Fast Angels founder Mark Breier is the author of The 10-Second Internet Manager (www.10secondmanager.com) and former executive at technology companies (Amazon.com, Beyond.com) and traditional companies (Kraft Foods). Note to Editors: Fast Angels is a trademark of Fast Angels Ventures. All other trademarks are the property of their respective owners. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion