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Sandy Rich of GEM Capital Management 212-753-0700, provides the
following stock ideas in an interview with Mark Johnson. Below is the write up.

Sandy Rich of GEM Capital Management has a keen eye when it comes
to selecting stocks. His firm manages close to $2 billion in assets and has returned over 32%
(annually after expenses as ranked by Nelsons) during the past 10 years. This pro is
very bullish on the telecommunications sector and views the current weakness in the sector
as a buying opportunity. He feels that the demand for telecommunications products will
grow "insatiably" for the next 10 years because technology is driving down prices
which feeds the growth in demand for both data and voice connectivity.

One of the companies on the top of his list is Qualcomm (QCOM 47 1/4). Their stock is
down from a high of $71 because Asian and international worries. They are a leader in the
CDMA and wireless communications field. "They not only license their CDMA
technology but they also make their own chips... They are investing money in building
wireless systems internationally... Qualcomm's technology will drive 3rd
generation wireless technology worldwide and are in the perfect position to do so," says
Sandy. He sees tremendous value in their stock and feels they will have a substantial
growth in revenues during the next several years. Analysts estimate Qualcomm will earn
about $2.40 in 1999.

Another company he likes is Nextel Communications (NXTL 20 3/8). They are
a provider of wireless digital communication services. Sandy notes that wireless
communication service companies basically suffer because it is a commodity product.
While revenues (as measured by Average Revenue Per Unit or ARPU), for other
wireless providers have been going down, Nextels has actually been going up because
"their product offering is clearly differentiated from other wireless providers."

One of Nextels products that has been a big hit by driving up revenues is called Direct
Connect. This product will connect a group of people together at the touch of a button.
Direct Connect has been popular with groups of people that need to work together.

Sandy also likes the shares of WinStar (WCII 22 1/2). They provide local
broadband wireless connections. Instead of connecting fiberoptic wires to a business that
maybe costly and expensive to install, a radio wave connection is made between two
antennas which would save a business a considerable amount of money. Sandy
believes their company is "fundamentally undervalued by the market and a very
attractive acquisition target" and could be acquired by one of the many larger companies
in the telecommunications field seeking broadband local access to small and medium
size businesses.

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