
Time will tell if tech stock favorites in the Nasdaq 100 are more effective
than IBM and other Nifty 50 ancestors in maintaining an edge in the rapidly
changing high-tech world. It is easy to predict that Coca-Cola will be an impor-
tant soft drink company in 10 years. In 10 years, Wrigley will be big in chewing
gum, Kellogg’s will be an important cereals food company, and Mars will be a
leader in candy. Does anyone have similar confidence in their prediction of who
will be the largest Internet service provider (ISP) equipment provider in a decade?
Finally, it is interesting to note that the extraordinary recent performance of
the Nasdaq 100 cannot be ...