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Stock picks by the pros
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January 10, 2000: 1:02 p.m. ET
Disney, AOL, Time Warner, Palm Corp., Go, Viacom-CBS win praise
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NEW YORK (CNNfn) - The market buzzed Monday with news of the marriage between the nation’s top ISP and a media powerhouse.
Other top picks included other media firms and the maker of one of the most popular PDAs on the market.
Here are some of the stocks recent guests on CNNfn are buying and why:
"Time Warner (TWX) is very dominant in a variety of media platforms, AOL (AOL) is the dominant player in the Internet distribution platform of media,” comments Scott Ehrens, Internet analyst at Bear Stearns, on the AOL-Time Warner merger. "Together, it really creates an unprecedented powerhouse. I’d like to see the synergies of the combined entities. What they both have are terrific platforms; they can continue to develop new brands, new entities that can generate further advertising and subscription revenues. But If Time-Warner hadn’t merged with AOL, my next best guess would have been AT&T and AOL; I think the cable companies are looking and thinking about their long-term media strategy in a digital age.”
"Other deals will be a bit more difficult to put together,” comments Chris Dixon, media analyst at Paine Webber, on the AOL-Time Warner merger. "That said, Viacom (VIAB)-CBS (CBS) is...looking for a big partner, and Disney (DIS) has gone and done a deal with Go (GO). Go network, we think, is a fabulous solution for Disney, but they may decide they need to get aligned with somebody bigger. So there’s extraordinary opportunity [out there for media and Internet firms], and today’s announcement really does change the tectonic plates in this world.”
"[Palm Pilot maker] Palm Corp. is a brand name that’s got a lot of huge investment bankers and backers [behind its IPO]. They have yet to put terms out on it,” says Jeffrey Hirschkorn, analyst at IPO.com. "But Morgan Stanley and Goldman Sachs have taken the lead anchor roles. You can expect it to do very well because of its branding, parent [3COM (COMS)] ownership and, more importantly, due to the heavy venture capital backing.”
"There are some [companies] in telecommunications that I would mention [among my top picks],” says Clare Zempel, chief investment strategist at Robert W. Baird, "[specifically], Tellabs (TLAB) and Norstan (NRRD). I’d also like regional banks, especially with an inflow of technology kicker like Marshall & Isley (MI).”
The views presented here are solely those of the analysts quoted. They do not represent the opinions of CNNfn on whether to buy or sell shares of a particular stock 
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