Tech stocks to perform well in 2000

Professional Adviser
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Despite the possibility of a 10% to 15% correction in technology stocks the sector should perform we...

Despite the possibility of a 10% to 15% correction in technology stocks the sector should perform well in 2000, although selectivity will be vital, according to Vladimir Lekowski, fund manager at Sarasin. Lekowski said: "Stocks seem overbought near term and a mild correction would remove some of the excess valuation. E-business will be a major driver as traditional companies re-engineer themselves and the Y2K cloud dissipates. We expect demand for technology goods to continue to be strong in 2000 with a real possibility of accelerating growth. "However, selectivity will be crucial in term...

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