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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Proud_Infidel who wrote (33829)	1/18/2000 2:03:00 AM
From: Jeffrey D	Respond to of 70976

Brian, on 12/09/1999, you might recall I posted an article from James J. Cramer suggesting when Janus closed its Global Technology Fund to new investors that would be a sell signal for all the stocks within that fund...including AMAT. Message 12243011 Well, Janus has closed the fund so we will see if Cramer is right. Jeff << Janus Closes Global Tech Fund .c The Associated Press DENVER (Jan. 16) - Denver-based mutual fund group Janus closed its Global Technology Fund to new investors last week after a meteoric rise in 1999. The fund recorded a 211 percent return last year and reached $8 billion in assets, even though it's just 13 months old. ``I'm as surprised as anybody at the type of returns that we were able to obtain,' said Mike Lu, the fund's 31-year-old manager. ``This fund was not meant to be a go-go fund. It was meant to be a longer-term, broad-based, diversified technology fund.' The Global Technology fund invests most of its assets in technology businesses, such as semiconductor, computer networking, telecommunications and software companies, according to the Janus Web site. People who already have invested in the fund will be allowed to add to their investment. The Janus group manages more than $240 billion and runs 21 mutual funds for retail investors. AP-NY-01-16-00 1606EST