Transitional year ahead for the technology sector

Professional Adviser
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After an abysmal last 12 months, 2002 will be a transition year for emerging technology stocks, acco...

After an abysmal last 12 months, 2002 will be a transition year for emerging technology stocks, according to Michael Saunders, a member of the investment committee at Amerindo Investment Advisers. Saunders, who runs the Amerindo Internet Fund investment trust, says that while 2003 should be an excellent year, 2002 will be a time of rallies and market corrections. He says: 'We have just had a rally in emerging technology stocks in the US and while we see 2003 being a very good year, we have to get through 2002 first. While indicators look good, we have to be wary of any more false da...

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