More on this week's HQ conference:
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On Wednesday, the members of the 1998 annual buy-side panel at
Hambrecht & Quist's technology conference, where top fund managers
give their best stock picks, were all smiles and good cheer. On several occasions, they mentioned the technology industry's bull run in the same breath as Pfizer's (PFE) ultrahot Viagara impotence drug.
As panelist Michael Bourne, managing director of Finsbury Technology
Trust, put it: "You would have had to be a complete bonehead not to make money this year in technology."
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I have to admit that I'm part of the bonehead group that Bourne is talking about.
But I'm also curious if most of the people on this thread would agree with Bourne and the other fund managers, that technology has been sizzling this year. Some tech sectors are doing fantastic, but it seems to me that a lot of tech sectors haven't done much of anything this year.
Maybe it's because I'm thinking of last year's prices versus current prices, that I think only selected sectors (internet, whatever) are hot. But chip makers, drive stocks, and a bunch of other tech sectors haven't done much of anything. I also think my outlook is distorted because of how much money I lost in the last quarter of 1997.
Is anybody willing to say how they are doing in the tech sector this year, good, bad, or otherwise? I'm not asking for specific dollar amounts, just a general idea on the tech sector investing, as separate from the general market investing.
Regards,
Larry
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