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To: Joe Wagner who wrote (1862)	2/26/2000 12:03:00 AM
From: Return to Sender	Read Replies (2) \| Respond to of 4808

Tough week for the Dow but money is still being made by selective investors. Tech funds buck trend in week of market downturn biz.yahoo.com BOSTON, Feb 25 (Reuters) - Mutual funds that invest in science and technology stocks bucked a strong downward market trend this week, rising 3.82 percent while all other sectors fell, new figures released on Friday showed. Data from Reuters unit Lipper Inc. showed that science and technology funds are up 20.78 percent so far this year, making them the second best performing sector year to date behind health and biotechnology funds, which were up 26.78 percent. Telecommunications funds were in third place with a 10.55 percent gain so far in 2000. Analysts said the rise in technology was not surprising, given the remarkable rise in growth and technology stocks and the publicity it has generated. Industry consultant Geoff Bobroff credited the rise in the Nasdaq composite index. ''That is the driver we're living with,'' Bobroff said. ''We've got a growth-biased market and it's a technology-biased market on top of that.'' Investors' behavior reflects a sense -- which analysts say is wrong -- that technology stocks cannot go down. But market performance so far this year would tend to bolster that impression. The Dow Jones Industrial Average is down more than 12 percent this year, while the tech-heavy Nasdaq is up some 13 percent ''People feel like these stocks are unassailable, that in the face of rising (interest) rates or other factors they will still be able to crank out good earnings,'' said Christine Benz, associate editor at fund tracker Morningstar. ''It's the only thing that's working for anyone,'' she said. The biggest losers for the year so far are in the more traditional ''old economy'' sectors. The worst performance has been logged by the interest-rate sensitive financial services sector, which fell 3.76 percent in the week and is down 14.23 percent year-to-date. Natural resources funds, down 6.58 percent, were the second-biggest losers for the year, and real estate funds were down 3.19 percent for the year. ''It's kind of a flight away from anything else rather than an understanding of anything they own,'' Benz said of mutual fund investors. bullsector.com Anything obvious omissions on this list of Fibre Channel Stocks? AVNX BRCD CBEX CIEN CNLG CVCI DTLK FNSR INPH JDSU KTEC MRVC OPTX ORTC ORTL POCI RFMD SDLI VIXL ZOOX There are other related lists at the site. Thanks, RTS