Referring to the stunning 136percentt average gain for technology stock funds in 1999, "they said, 'How can you start a tech fund after that?' " he added.
Fourth-quarter forecasts of gains for the technology sector have been slashed from 29% on October 1st to 16%.
With forecasts of fourth-quarter earnings gains for the technology sector being slashed, the turbulence no longer seems to be the result of one-off or company-specific problems.
The New York Times Company reported a rise of 24percentt in fourth-quarter earnings yesterday, exceeding analysts' estimates, on gains in advertising for technology products, financial services and Internet sites.
In Israel they pour out of the armed forces, where they learn how to lead and gain a taste for technology.
These costs are associated with the necessary institutional changes, information requirements, market size, opportunities for technology gain and learning, and economic incentives needed (grants, subsidies, and taxes).
With the purchase of Cima, based in Eden Prairie, Minn., Cephalon gains a technology for fast-dissolving pills that patients can take without swallowing.
Andor's funds struggled last year after thriving for years, even registering gains during the bear market for technology stocks.
But it probably won't result in big gains for investors, if rival technology valuations are any guide.
