Technology still has a bright future

With the downturn in the technology and telco stocks, there is talk of earnings slowdown, recession and the end of the technological revolution. Is this the end? Absolutely not, says SSB''s chief technology strategist.

If you have seen your technology and telecommunications portfolio sink, don't panic. According to Salomon Smith Barney SSB analysts, the current contraction in the equity markets is cyclical and not structural in nature and therefore the downside is limited. The primary driver of this cycle, according to SSB, is the United States interest rate environment.

SSB, in a study, looked at the two-year and ten-year United States treasury rate cycles and found a correlation with ...

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