Long term outlook for tech stocks is positive

Sentiment for UK tech stocks is positive for the fourth quarter, although the returns are on the same scale as those seen in the last quarter of 1999. Amanda Forsyth, fund manager of the Standard Life UK Equity Growth Fund, says: "We have been going through a period of volatility as people try to predict growth going forward. The price correction is still going on but by the end of the year we will have a more realistic earnings growth expectation." For the first three quarters of 2000, the FTSE IT Software and computer services index has fallen 19% while the FTSE IT hardware index has ri...