Lessons learned from the dot com crisis have served tech companies well in recent years. Marianne Weller of Morningstar OBSR asks if funds in the sector can continue to outperform...
The technology sector has experienced considerable industry change during the past three decades. In the 1980s, it was the move from the mainframe computer to the PC and in the 1990s it was the advent of the internet, with this period characterised by the dramatic appreciation in the prices of technology-related stocks. During this period, from its IPO to the end of 1999, Amazon was up over 300% and other names, such as Yahoo, posted similar returns. However, this value was subsequently destroyed when the dot com bubble spectacularly burst, with the MSCI World Information Technolog...
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