Investment Adviser, September 25th, 2006
Byline: The darling of the 1990s investment world, technology, has been despised since the dot.com bubble burst
The Technology sector is a classic case of prince to pauper. In the 1990s, technology companies were very good investments. So good that fund managers were swept up by the momentum and emotion of the moment and bucketed money into technology stocks.
They bought into a number of stories that were just not sustainable from a business perspective or just from a common sense perspective. Running on the basic premise that technology was the way to the future and would never go wrong, ...
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