Analysis: "TMT" the sequel - part 1

Grungy crooner Meatloaf once howled out that "two outta three ain't bad", which is precisely what could be said about the once moribund TMT, tech, media and telecoms sector. The shakeout continues in some ways with stories of insolvency and bankruptcy proceedings still rife in business pages involving companies such as Worldcom and Cable & Wireless. But there are definite signs that technology and telecommunications are improving their earnings potential, and the bounce in equities in these sectors since early October has greatly helped investor confidence. Recovery in ...