It's important to remember that despite the carnage of 2000, people who bought technology funds as recently as mid-1999 are still way ahead. In addition, you may want to invest a small amount of money in biotechnology, Markman says. The fourth quarter has historically been a strong period for technology, and fund managers expect the pattern to continue in 2000. Cathy Baker, CO-manager of RS Internet Age, expects strong demand for software and support services from information technology departments during the last part of the year. And despite the recent tremors in the technology sector, the long-term demand from company information technology departments shows no sign of slowing, Baker says.
Technology reduces costs and increases productivity.