After the party

Professional Adviser
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Stuart O'Gorman, co-manager of the Henderson Global Technology fund, says that while technology will not be immune to the current downward trend, lessons learned from the tech bubble mean the sector is in good shape going into rough times.

After every party comes the inevitable hangover. Yet, while other sectors such as property, financial services and, to an extent, commodities have been unwisely attacking the drinks cabinet with gusto for some time, the technology sector has been pacing itself slightly better, perhaps reminded of the particularly unpleasant experience following its last well-remembered blow-out. Back in the early 2000s, the technology sector was the Amy Winehouse of the market: fascinating to watch, but badly managed and capable of spectacular demonstrations of hubris; rich in potential, but suffering from ...

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