In technology, we tend to favor what we call the undiscovered gems. Two of our favorites are Penton Media and Bel Fuse. Let me talk about both. The company is investing heavily in its Internet properties as well. The business is on an exceptionally solid foundation.
Orders are rising, pricing is firm, and the company has a strong backlog of orders.
Our favorite sectors are pharmaceuticals, natural gas, and defense. Why don't we start with the pharmaceuticals, then. We expect some biotech companies to get into the black. We think the biotech deal-making spree is likely to continue into 2001. The Internet sector has been trashed, but the Internet is not going away.