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No. of Recommendations: 3

This is my first post to the Fool so bear with me.

NOK was a stock my son recommended to me in August(he now works for Motley Fool under TMF Otter). I bought it because of the long term --- it has great market (it's a gorilla), and is well run. Those are things that will reward you in the long run if you are investing for a 5+ year horizon.

At his urging, I bought NOK at 76, and glad I did. I would consider more today. I give him credit for this stock, although I purchased CMGI based on my own research at 104, and JDSU at 234 (he thought that was pushing the envelope a little.

I came up the old fashioned way. You bought companies based on P/E ratios and performance. The tech segment defies gravity as far as I am concerned. I have stayed away from pure internet plays (CMGI being the closest) since I believe that they are largely overvalued and will end up going through the classic B school consolidation for "maturing" industries. Instead, I have focused on buying stocks with solid performances and technolgies that will be needed regardless of who the .com players are in the next decade.

For fun, take a look at my son's article in the Fool last Friday entitled "It takes a Market to Raise a Child."
The Original Bill Mann
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