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


To: Proud_Infidel who wrote (5180)1/28/2003 10:45:49 AM
From: Fred Levine  Respond to of 25522
 
Howard Ward, Gabelli Growth (Nasdaq:GABGX - News)
Although hanging on to media and tech favorites such as Clear Channel (NYSE:CCU - News), Omnicom (NYSE:OMC - News), and AOL Time Warner (NYSE:AOL - News) weighed heavily on returns in 2002, Ward hasn't changed his tune in 2003. While he concedes that recent economic data have been mixed, he's optimistic that businesses will resume spending in 2003, nudging up tech companies' profits. With technology orders picking up and tech stocks showing signs of life in recent months, Ward has ramped up the fund's exposure to cyclical holdings by picking up semiconductor stocks Applied Materials (NasdaqNM:AMAT - News), KLA-Tencor (NasdaqNM:KLAC - News), Taiwan Semiconductor (NYSE:TSM - News), and Linear Technology (NasdaqNM:LLTC - News).

fred