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INVESTORS have been warming lately to a software sector called electronic design automation as a way to capture some growth in the generally depressed technology area.
The results were far stronger than expected and contributed to a broad rebound in depressed technology stocks in Europe and the United States.
So, they pulled money from the Dow to buy depressed technology shares, including JDS Uniphase, which reported better-than-expected earnings after the markets had closed.
Value plays in depressed technology stocks seemed to be everywhere until recently.
The table below identifies nine depressed technology issues that could be good buys.
Provided an investor is prepared to ride out the volatility, some depressed technology issues could be good buys.
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The study shows that even at their current depressed levels, technology shares remain expensive.
As a group, the stocks remained depressed well after technology stocks started to rebound last week.
In late 1989, the depressed state of technology stocks was obvious, and so, too, were the reasons the stocks had done poorly.
PAGE C1 Most Stocks Depressed Even though technology stocks are soaring in the bull market, shares of just about everything else are down sharply.
But the depressed market for technology stocks poses particular problems for Chase because it has invested so much of its own capital in private companies, some of which have gone public in the last year or two.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com