Tech stocks struggle again

Doom and gloom in tech stocks continued to drag the Footsie down in trading today. The index closed at 5901.5, shedding 21 points and erasing an earlier climb of as much as 37.2 points. Fund managers said it may be this time next year before any kind of improvement is seen in technology stocks. Today's fall was led by CMG, an Anglo-Dutch computer-services company. CMG dropped 28p to 380, while Marconi, the UK's number one phone-equipment maker, slid 13p to 362. In contrast, the Bank of England said the threat of a slowing in US growth is receding, UK consumers are spending more, ho...