With a recent rally in the Nasdaq and UK technology sector, is this the start of a technology revival?
No sector better exemplifies cyclical extremes than technology, the dot.com area in particular. But with technology prices at rock bottom, should now be the time for investors to place funds in the sector? Although technology has been one of the worst performing sectors over the last 12 months, more recent figures indicate a much more positive picture. The graph below shows the recent upturn in the Nasdaq and also one of the major US drivers, Microsoft. A similar trend has been seen in the UK technology sector with a rise of some 25% over the past month or so, albeit from a low base. Thi...
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