Word: techs
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Dates: during 1990-1999
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...Morgan Stanley reports that just 15 stocks (3% of the total) accounted for 52% of the index's gain last year. "The market" may be going up, but it's almost entirely on the backs of a favored few: GE, IBM, Wal-Mart, Merck--all Dow components--along with tech wonders Microsoft, Dell (which I own) and Cisco...
SMOOTH SAILING Fidelity's Magellan fund was supposed to have become too big to manage. But after stumbling for a couple of years, the nation's largest mutual fund is reasserting itself. Last year the tech-heavy fund, run by Robert Stansky, beat the soaring S&P 500 with a 33% return. In February, Magellan pulled in nearly $500 million from investors, its highest monthly net in more than three years, according to Alpha Equity Research. So is bigger better again? No, says a study by Financial Research: in any given fund category, smaller funds generally beat bigger ones...
...they weren't in enough trouble for letting the Chinese steal nuclear secrets, the national labs are about to get blasted for some high-tech appropriation of their own. In the past six years, Lawrence Livermore National Laboratory has raked in $3.5 million in commercial license fees--and many millions more in government contracts--for a new ultra-wide-band "pulse" radar that can peer through walls and spot Stealth planes. Former Livermore researcher THOMAS MCEWAN filed his first patent for "micropower impulse radar" in 1993, for which he was named "Distinguished Inventor...
Pioneering aircraft design did not end with the brothers Wright. Some of today's most innovative work is being done by designers in their own high-tech skunk works...
...discs, measuring the distance to the moon, creating and viewing holograms, industrial cutting and welding, sending voices and data through the air and down optical fibers, surveying roads and building sites, generating energy in controlled-nuclear-fusion experiments, "painting" dots on a drum in laser printers and as high-tech pointers in lecture halls...