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Technology Stocks : EMC How high can it go? -- Ignore unavailable to you. Want to Upgrade?

To: Gus who wrote (13077)	8/29/2001 7:47:26 AM
From: John Carragher	Read Replies (1) \| Respond to of 17183

Munder Fund's Harris Sees Bright Spots in Tech Sector By DONNA FUSCALDO Dow Jones Newswires With a technology-stock portfolio that has lost about 44% so far this year, it might appear otherwise, but Alan Harris, senior manager of Munder Future Technology Fund, still sees some bright spots in the tech universe in which to invest. Mr. Harris said the software, wireless and storage sectors are areas where customers are still willing to spend and where the companies have the best insight into how their businesses will perform. As a result, those areas are currently the main focus of the $704 million Future Technology Fund. The fund, launched in October 1999, invests in both well-known large-capitalization tech stocks as well as relatively unknown smaller issues. In choosing large-cap stocks for the fund, which will hold no more than 40 stocks at a time, Mr. Harris and his portfolio co-managers will first look at a company's leadership position, and then focus on companies with strong revenue growth and margins. The Birmingham, Mich., fund's largest holding is Microsoft Corp., which Mr. Harris likes because of the Redmond, Wash., software behemoth's offerings, including Windows 2000 and the coming Windows XP. "Microsoft tends to trade well ahead of product cycle launches," the money manager said. Another software favorite is PeopleSoft Inc., a Pleasanton, Calif., software maker that Mr. Harris said has done "extremely well" while many of its competitors have fallen on tough times. According to Mr. Harris, corporations that had put off buying PeopleSoft's enterprise resource-planning software because of year-2000 concerns are now customers. In the storage sector, Mr. Harris likes EMC Corp. and Veritas Software Corp. According to the money manager, growth in data at enterprises continues to be strong, which in turn increases the need for storage. "For example, the top enterprise customers around the world expect a 25-fold increase in their data storage needs from 1998 to 2003," he said.

To: Gus who wrote (13077)	8/29/2001 11:35:14 AM
From: GVTucker	Read Replies (2) \| Respond to of 17183

Here's an update: boston.com Note particularly this passage: Online meetings could, in fact, create more participation from shareholders who can't get to the meetings. But the problem with the EMC bill was that it set up an either/or choice. Either firms could hold a regular annual meeting or an online meeting. Why not both? It might cost companies a bit more, but democracy - even the limp corporate variety - has a cost. That has been my point all along. If a company wanted to webcast their annual meeting, there is nothing that prevents them from doing so already.