The global technology fund manager at Britannic, Margaret McLaren, claims the sector will do better ...
The global technology fund manager at Britannic, Margaret McLaren, claims the sector will do better in 2002 but warns investors not to expect high returns. At the Investment Week Forum, in London, she said investors in the sector had suffered because of the global economy slowdown last year which led to many companies cutting their IT budgets. This is in addition to a reduction in inventories which led to a poor demand and supply situation, she explained. 'This was not a good background for technology shares, especially given their high valuations. The technology index underperformed t...
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