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Technology Stocks : Texas Instruments - Good buy now or should we wait?
TXN 165.31+2.2%Nov 26 3:59 PM EST

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To: puborectalis who wrote (4993)4/17/2000 1:24:00 PM
From: Mephisto  Read Replies (1) of 6180
 
Fidelity's Magellan Ups Technology Holdings

BOSTON (Reuters) - Fidelity's Magellan fund, one of the world's biggest mutual funds, increased its holdings in
technology in the first quarter while adding Time Warner Inc. (NYSE:TWX - news) to its list of Top 10 holdings and
dropping retailer Wal-Mart Stores Inc. (NYSE:WMT - news), the fund said on Monday.

The fund boosted its holdings in General Electric Co. (NYSE:GE - news), making it the top holding in the portfolio, supplanting Microsoft Corp. (NasdaqNM:MSFT - news), which is now No. 2.

Magellan increased its holdings in technology stocks in the first quarter, allocating 35.1 percent of its portfolio to the sector at the end of March, up from 27.1 percent at the end of December.

The tech stake rose in January to 30.5 percent and climbed to 36.4 percent at the end February before easing slightly during March.

Technology remained the fund's largest sector bet by a large margin at the end of March.

(TXN IS ONE OF TOP TEN HOLDINGS)TOP TEN HOLDINGS)

The addition of Time Warner and the subtraction of Wal-Mart were the only changes in the Top 10, which also includes
Cisco Systems Inc. (NasdaqNM:CSCO - news), Home Depot Inc. (NYSE:HD - news), Intel Corp. (NasdaqNM:INTC
- news), Texas Instruments Inc. (NYSE:TXN - news), Citigroup Inc. (NYSE:C - news), Exxon Mobil Corp.
(NYSE:XOM - news) and Tyco International Ltd. (NYSE:TYC - news).
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