Word: teche
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Microsoft has been a great stock to own for more than a decade. Yet it's always been a tricky one to buy. Early on, it was just another speculative tech stock. As the company came to dominate the PC world, its stock rose so swiftly that it seemed perpetually overvalued. Waiting for a pullback was torture. By the time the stock finally dipped, it had already doubled--again. And you were too late--again...
...mother, an executive at a high-tech consulting firm, sees her daughter's isolation in very different terms from the way it's portrayed in the book. "I thought Katie just wanted to be aloof and more independent," she says, denying any blame on her part. As Tarbox writes, however, "Every girl says she is doing fine. But if you just spend the time, you might hear the rest of the story." Only Kufrovich, it seems, was willing to do that...
...Beacon is a 61-room hotel built by Boston developer Paul Roiff. It aims at the young digerati who jet between high-tech start-ups on both coasts. Rooms have three phone lines, high-speed Internet access, 330-thread-count Italian sheets and lots of mahogany. "There isn't a square of vinyl in the entire hotel," boasts general manager William Sander. Recent guests include film director Wes Craven, Viacom potentate Sumner Redstone and sundry chairmen of American and European banks. Rates start at $395 a night...
IMMIGRANTS Silicon Valley and other high-tech employers are bringing into the U.S. 115,000 computer programmers, engineers, scientists and the like each year under H1-B visas (these allow people with special skills that the economy needs to enter the U.S. outside regular immigration quotas). But employers insist they need more, and bills are moving through Congress to raise the limit to as many as 195,000. Among others, roughly half of all recent alumni of the six-campus Indian Institute of Technology are said to be working in the U.S., including Harmanjit Singh and about 24 others from...
...that tout amazing returns look too good to be true, it could be because they're ignoring NASDAQ's 23.5% nose dive since March 10. Such backward-looking ads reflect the previous quarter's or even the previous year's returns. And with many funds driven by weighty tech holdings, last year's results may look brighter than those of the recent past. Of course, some funds may have thrived despite the latest downturn. But the NASD and the SEC are taking a hard look at what could be overly rosy...