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Hi all! Been reading you for months. Finished the book (the manual!) and finally feel like MAYBE I've got something to contribute (scary!). I see we're having an influence here at the Fool. Here's an excerpt from today's Rule Maker.

<<... PC makers aren't at the center of Internet computing or the communications industry. Dell is the light bulb, not the light.

Author Geoffrey Moore and Robertson Stephens analyst Paul Johnson focus on this issue in The Gorilla Game, their book aimed at helping investors find elite technology companies. Look for companies that offer products that become a business standard -- Microsoft's (Nasdaq: MSFT) Windows operating system and Office applications, Cisco's routers and LAN technology. These are the companies with the strongest legs.

Technology stocks in the Rule Maker portfolio naturally fall into this category. Intel (Nasdaq: INTC) makes computer chips that power PCs, servers, and other Internet devices. JDS Uniphase (Nasdaq: JDSU) combines optical components into modules, adding value to the parts it sells and simplifying the assembly process for telecom equipment companies. Yahoo!'s (Nasdaq: YHOO) portal quickly became ground zero for information on the Web, though its competitive advantage comes more from stakes put in the ground years ago than its software.

Looking at the Rule Maker portfolio, I'd say Nokia (Nasdaq: NOK) faces the greatest risk of mediocrity. Not that it won't be the dominant provider of cellular phones in 2005, but what happens in three or four years when the handset business starts to mature? What's Nokia's lasting competitive advantage? It's hard to see.>>
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