VOLTAIRE'S PORCH-MODERATED Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Dalin who wrote (40229)	8/16/2001 12:28:09 AM
From: stockman_scott	Read Replies (1) of 65232

The Great Janus Tech Dump Continues By Ian McDonald Senior Writer 8/15/01 2:04 PM ET Janus fund managers continued their exodus from favorite tech stocks, such as Cisco (CSCO:Nasdaq - news - commentary) and, well, Exodus (EXDS:Nasdaq - news - commentary), in the second quarter. That's the upshot from a Tuesday regulatory filing listing the Denver growth-fund shop's firmwide holdings. The paperwork doesn't break out which funds were buying or selling different stocks. It does offer a rare window into current tastes at the firm, whose tech- and telecom-heavy funds rode the Nasdaq bubble up to thin-air returns in 1999 but have since cratered. If we look at Janus' 20 largest tech and telecom positions at the end of the first quarter, we find that Janus managers sold shares nearly across the board. The biggest casualties were networker Cisco, server maker Sun Microsystems (SUNW:Nasdaq - news - commentary) and chip shop Vitesse (VTSS:Nasdaq - news - commentary). thestreet.com

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next