Technology cap ex spending had an outsized rating in 2000, 2001.
While Mott expects technology small caps to do well, she thinks that the gains in financial stocks will further boost the small-cap stocks.
At its post-2000 nadir three short years later, technology market caps deflated 63% to $3T.
"The big boys have had such a good run, but I think you can expect better performance from innovative technology small caps," he adds.
Like other technology consultants, Cap Gemini has fallen on hard times.
The second is drooping earnings reports in the technology sector, capped this week by a jolt from Cisco Systems.
Data from AMG Data Services, which tracks mutual fund cash flows, shows that through March 8 funds specializing in the hot areas -- aggressive growth, technology, small cap and biotech -- had garnered 76percentt of the $93 billion investors have put into stock funds.
Like other technology consultants, Cap Gemini has experienced a sharp contraction in revenue in the last year, made worse by the newfound emphasis on United States business after the Ernst & Young deal, which brought to one-third the share of its revenue derived there.
Technology stocks capped a remarkably strong week with another rise to record territory, while blue chips were weighed down by an earnings warning from heavy equipment maker Caterpillar cat.
With Europe's economic growth in the doldrums, and fierce competition from emerging giants like China and India, the EU needs to pay less for farming and invest more in scientific research and technology, the CAP critics say.
