Technology outlook is set to improve

Professional Adviser
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The backdrop for technology investing has clearly been extremely difficult for an extended period of...

The backdrop for technology investing has clearly been extremely difficult for an extended period of time. The 11 September guaranteed that the vast majority of IT companies would miss consensus earnings expectations for the September quarter. The immediate knee-jerk reaction was to sell technology stocks. However, a rally has ensued since late September. The significant policy responses of monetary and fiscal stimuli should create a more benign environment for technology investing in 2002 as investors look towards improving end market demand. PC demand has been poor since early 2000 b...

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