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Technology Stocks : Applied Materials No-Politics Thread (AMAT) -- Ignore unavailable to you. Want to Upgrade?

To: Ian@SI who wrote (3178)	9/23/2002 12:41:29 PM
From: Proud_Infidel	Respond to of 25522

Where's the Tech Sector Headed? Up, Say These Fund Skippers thestreet.com Long-time tech optimist Bob Turner of Turner Investment Partners sees opportunity throughout the sector. "If we've learned anything in this downturn, it's that technology is cyclical like consumer durables or other industries," he says. "And after two years, we're getting reasonably close to an upturn." Turner's Concentrated Growth fund is edging past 50% of its assets in technology. Inventories -- the bane of the bust -- are finally at their lowest in 20 years, Turner says. That means that as soon as companies and consumers increase their spending, the suppliers will begin an upward cycle. And while Turner concedes it may still be early to anticipate any quick gains, he says the upside potential more than mitigates the downside risk.