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Technology Stocks : JDS Uniphase (JDSU)

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To: allen menglin chen who wrote (5438)1/27/2000 10:32:00 PM
From: t2  Read Replies (1) of 24042
 
Allen, Here is some good news for those that feel tech is being abandoned. I still feel we have seen lots of individual traders panic primarily due to QCOM. The mutual fund investors don't seem too concerned obviously due the high degree of diversification.

"Inflows continued to equity funds, totaling $8 billion for the week ended yesterday, according to AMG Data Services. Technology funds received inflows of $2.2 billion, their largest in absolute or percentage terms ever. Aggressive growth fund inflows continued to accelerate while international equity funds reported inflows. Asian emerging markets sectors showed outflows. Taxable bond funds continued to report outflows, which totaled $2.1 billion, but outflows from high-yield bond funds declined."

thestreet.com
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