Hi-tech stocks have further to go

One year ago, in January 1999, the technology sector accounted for 1% of the FTSE World Europe Index. At the end of February ???(this, last?) it was 10%. Telecoms then accounted for 5%, and in February they were 17%. The pace of technological change is so fast, that this in itself provides a very good reason why we see further upside in markets. Estimates for the number of mobile phones in world-wide circulation are constantly having to be revised upwards. This benefits two of Europe's largest companies, Nokia and Ericsson. In addition, the introduction of the third generation mobile wi...