By Peter Keysel, fund manager at Govett Investments The environment for European technology shar...
By Peter Keysel, fund manager at Govett Investments The environment for European technology shares has worsened along with the deteriorating macroeconomic situation and evidence of a reduction in capital spending programmes in both the US and Europe. As a result, growth estimates have been revised downwards. This economic picture was made worse last year by slower business and self-inflicted damage within the technology sector. This included the increasing inability of telecommunication companies to pay for the exceptionally high costs of third-generation mobile licences. These...
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