Word: teche
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...component, shot up 16 points on speculation that they're due for a merger (word is the old-school suits over there will hold out for an extremely dignified deal). Intel, Cisco Systems and Oracle drove NASDAQ, basically because they're the best bets in a rather shaky tech sector, and investors like to have their portfolios nice and fat before the long weekend...
...N.Y.S.E., allowing investors to bet on the kinds of long shots VCs do. The focus of meVC is on private and pre-IPO companies. But VCs get big cuts, and with annual fees of 2.5% and 20% on realized gains, you'd better pray one of the 12 tech companies it's invested in becomes the next Cisco...
FAUX FOREIGN FUNDS Here's a conundrum. Your portfolio should have some foreign exposure. Yet some major global tech funds hold big positions in American companies to mitigate risk. Ironically, that has saved their bacon this year. But if your portfolio is already heavy with U.S. tech stocks, owning one of these "international" funds may not offer the diversification you're seeking...
...PENGUIN THAT ROARED Linux, the little operating system that could, is catching up with big siblings Windows and Macintosh. Last week high-tech heavyweights IBM and Dell announced new deals to sell Linux servers, and a host of other firms declared their support for Gnome, a Windows-like user interface for Linux. Unlike its stuffier competitors, Linux is free, and was developed collaboratively by an international community of hackers. Also unlike its competitors, it has a funky penguin as a mascot...
...neighborhood of $400 million. For all that, it won't be the first: the entire New Testament is already online in MP3 format at www.audiotreasure.com C'EST CHIC, LE GEEK Strange bedfellows Levi Strauss & Co. and Philips Electronics have teamed up to produce a line of high-tech, high-fashion clothes that come with electronic devices sewn right into them. The new threads, which Levi's has dubbed ICD+, were created by Massimo Osti, and will debut next month in Europe. So far the line consists of four jackets, one of which features a built-in MP3 player, cell phone...