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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Doug who wrote (75809)	4/23/2001 11:12:46 PM
From: puborectalis	Respond to of 99985

Janus Global Technology Fund ...... Mike Lu watched helplessly as it climbed to the top of Mount Everest and fell off the other side. Lu was traveling and was unavailable for comment. His emphasis on international technology sets the fund apart from most of its competitors. Unfortunately, the tech meltdown was worldwide, and the diversification in the end didn't provide much protection. The fund fared the poorest among its Denver colleagues in last year's collapse, losing 33.7 percent. But Lu did better in the first quarter, losing 30.5 percent. The fund gained 9.4 percent in the week ended April 9, said Bradley Sweeney, a mutual fund analyst with Morningstar Inc. in Chicago. Lu's top five holdings at the end of March were, in order, JDS Uniphase, Nokia, Veritas Software, Sun Microsystems and Texas Instruments. Sweeney said the mix is wide: a fiber-optic provider, a maker of cellular handsets, a software provider, a maker of servers and a chip manufacturer. But Sweeney also noted that China Telecom is the fund's seventh-largest holding.