“Microsoft is really quite under-owned by technology funds coming into the year. Most of them has really pared back on the stock, and many tech funds missed most of Microsoft's big move up so far this year.”
“Fund managers are asserting that a slowdown in telecom spending is here for foreseeable future. As far as investors needing a dedicated technology fund in their portfolio, it's not essential because many growth funds will give the exposure and diversification they need, without the risk.”
