How to spend your tax rebate

May 23, 2008

We asked CEOs at the Reuters Global Technology, Media and Telecoms Summit this week to pick out some stocks they would consider good investment plays.

With the caveat that they couldn’t cite their own company, many executives stuck to consumer favorites like Apple or Google , or delved into alternative energy. Some circled back to prior employers, while others dodged the question, saying if they were into stock-picking, they wouldn’t be CEOs.

apple.jpgI’m a long-term investor so I would pick Apple. Yes, it’s about 187 bucks or something like that, so it’s not a cheap stock to buy, but I still think in the long term, as long as nothing happens to Steve Jobs, it’s one of the coolest companies and it has had more surprises up its sleeve than any other company I have seen in years.
– Hamid Akhavan, CEO of T-Mobile

I will disclose the fact that I am a shareholder of Amazon and will continue to be for several decades. Obviously I am biased. I spent nearly a decade at Amazon. But I do believe that the trends absolutely support Amazon over the long-term.
– Jason Kilar, CEO of Hulu

I always put Cisco as first. It is just a phenomenal company and I’m constantly blown away that a $40 billion company can keep growing at 15 percent a year.
– Brian Halla, CEO of National Semiconductor, who sits on the board of Cisco Systems

I guess I would pick someone like WD (Western Digital). My competitor makes $4 a share and it is trading at something like $27. That is ridiculous.
– Bill Watkins, CEO of Seagate Technology

blackberry.jpgBlackBerry … I have not looked at the price recently but I wish I had bought it a couple of years ago when I got very passionate about using it.
– Erik Wachtmeister, founder and chairman of A Small World, said of Blackberry maker Research in Motion

I do look somewhat enviously at what David Calhoun is doing at Nielsen … The attraction is you can do things inside that private equity environment which don’t attract the attentions of Reuters, Thomson or Thomson Reuters, or indeed others.
– Martin Sorrell, CEO of WPP , who joked that if he had enough money, he would take WPP private.

I wish I would have bought Discovery a year ago. They’ve done a great job reinventing that whole platform and that stock is up a ton.
– Mike Fries, CEO of Liberty Global, which like Discovery is controlled by cable mogul John Malone

bp.jpg

I have so much wrapped up in AT&T stock, I’ll be honest — what I’d do in the market outside our own stock is pretty much geared to indices and sectors.
One of my individual investments is BP but that’s because that’s where my dad worked for years. So I inherited stock. I won’t sell.
–Rick Lindner, CFO of AT&T

I wouldn’t buy any single stock. I would buy a sector, and I would buy the energy sector. In two to three years’ time, I’d buy stocks related to lengthening human life.
– Luca Majocchi, CEO of Seat Pagine Gialle

I’m not the best person to ask about stock picks. I actually have the opposite effect. Whatever I buy you should sell and whatever I sell you should buy.
– Enrique Salem, COO of Symantec

Still don’t know where to spend your tax rebate, assuming you’ve got cash to spare despite the high oil prices? Check out more stock tips from our executives here.

One comment

We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/

I would buy Australian resources uranium and anti flu Biota. I would also invest in Geothermal energy stocks particularly those which are near Power Stations.

I have however been burnt on American Market badly. Ford, Java,CPNLQ. So I will stay on Australian market

Posted by Norman Reid | Report as abusive

How to spend your tax rebate

May 23, 2008

We asked CEOs at the Reuters Global Technology, Media and Telecoms Summit this week to pick out some stocks they would consider good investment plays.

With the caveat that they couldn't cite their own company, many executives stuck to consumer favorites like Apple or Google , or delved into alternative energy. Some circled back to prior employers, while others dodged the question, saying if they were into stock-picking, they wouldn't be CEOs.

apple.jpgI'm a long-term investor so I would pick Apple. Yes, it's about 187 bucks or something like that, so it's not a cheap stock to buy, but I still think in the long term, as long as nothing happens to Steve Jobs, it's one of the coolest companies and it has had more surprises up its sleeve than any other company I have seen in years.
-- Hamid Akhavan, CEO of T-Mobile

I will disclose the fact that I am a shareholder of Amazon and will continue to be for several decades. Obviously I am biased. I spent nearly a decade at Amazon. But I do believe that the trends absolutely support Amazon over the long-term.
-- Jason Kilar, CEO of Hulu

I always put Cisco as first. It is just a phenomenal company and I'm constantly blown away that a $40 billion company can keep growing at 15 percent a year.
-- Brian Halla, CEO of National Semiconductor, who sits on the board of Cisco Systems

I guess I would pick someone like WD (Western Digital). My competitor makes $4 a share and it is trading at something like $27. That is ridiculous.
-- Bill Watkins, CEO of Seagate Technology

blackberry.jpgBlackBerry ... I have not looked at the price recently but I wish I had bought it a couple of years ago when I got very passionate about using it.
-- Erik Wachtmeister, founder and chairman of A Small World, said of Blackberry maker Research in Motion

I do look somewhat enviously at what David Calhoun is doing at Nielsen ... The attraction is you can do things inside that private equity environment which don't attract the attentions of Reuters, Thomson or Thomson Reuters, or indeed others.
-- Martin Sorrell, CEO of WPP , who joked that if he had enough money, he would take WPP private.

I wish I would have bought Discovery a year ago. They've done a great job reinventing that whole platform and that stock is up a ton.
-- Mike Fries, CEO of Liberty Global, which like Discovery is controlled by cable mogul John Malone

bp.jpg

I have so much wrapped up in AT&T stock, I'll be honest -- what I'd do in the market outside our own stock is pretty much geared to indices and sectors.
One of my individual investments is BP but that's because that's where my dad worked for years. So I inherited stock. I won't sell.
--Rick Lindner, CFO of AT&T

I wouldn't buy any single stock. I would buy a sector, and I would buy the energy sector. In two to three years' time, I'd buy stocks related to lengthening human life.
-- Luca Majocchi, CEO of Seat Pagine Gialle

I'm not the best person to ask about stock picks. I actually have the opposite effect. Whatever I buy you should sell and whatever I sell you should buy.
-- Enrique Salem, COO of Symantec

Still don't know where to spend your tax rebate, assuming you've got cash to spare despite the high oil prices? Check out more stock tips from our executives here.

No comments so far

We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/