Erne / Teufel Fisher Investments on Technology

1. Auflage 2010
ISBN: 978-0-470-60847-0
Verlag: John Wiley & Sons
Format: EPUB
Kopierschutz: Adobe DRM (»Systemvoraussetzungen)

E-Book, Englisch, 224 Seiten, E-Book

Reihe: Fisher Investments Press

The sixth installment of the Fisher Investments On series isa comprehensive guide to understanding and analyzing investmentopportunities within the Technology sector. Fisher Investmentson Technology can help you quickly become familiar with thishighly diversified sector, how the sector is segmented byindustries, their respective macroeconomic drivers, and thechallenges facing Technology firms.
This reliable guide skillfully addresses how to determineoptimal times to invest in Technology stocks, and which industriesand sub-industries have the potential to perform well in variousenvironments. The global Technology sector is complex, including avariety of sub-industries and countries--each with their ownunique characteristics. Using the framework found here, you'lldiscover how to identify these differences, spot opportunities, andavoid major pitfalls.
Fisher Investments on Technology:
* Discusses industry fundamentals, drivers, attributes, andpotential challenges
* Addresses the challenges unique to Technology and some commonpitfalls to avoid.
* Delves into top-down investment methodology as well asindividual security analysis.
* Outlines a five-step process to help differentiate Technologyfirms--designed to help you identify ones that may havegreatest probability of outperforming
* Provides investment strategies for a variety of marketenvironments
Filled with in-depth insights and expert advice, FisherInvestments on Technology provides a framework forunderstanding this sector and its industries to help you makebetter investment decisions--now and in the future. With thisbook as your guide, you can gain a global perspective of theTechnology sector and discover strategies to help achieve yourinvesting goals.

Autoren/Hrsg.

Erne, Brendan

Teufel, Andrew

Inhaltsverzeichnis

Foreword.
Preface.
Acknowledgments.
Part I Getting Started in Technology.
Chapter 1 Technology Basics.
More Than Gadgets . . . A Means.
Technology 101.
Starting Small: Semiconductors.
Getting Larger: Products and Components.
Making It All Work: Software and Services.
Chapter 2 A Brief History of Modern Technology.
The Snowball Event: History of Semiconductors.
History of Computers.
History of Communications.
History of the Internet.
Chapter 3 Technology Sector Drivers.
Economic Drivers.
Political Drivers.
Sentiment Drivers.
Part II Next Steps: Technology Details.
Chapter 4 Technology Sector Breakdown.
Global Industry Classification Standard (GICS).
Global Technology Benchmarks.
Technology Industry Breakdown Software.
Chapter 5 Challenges in the Information TechnologySector.
Product Maturity and Obsolescence.
Fighting Maturity and Obsolescence.
Extreme Fluctuations in Supply and Demand.
Intellectual Property Threats.
Chapter 6 A Deeper Look at Current and EmergingTechnologies.
Semiconductor Production Process.
Emerging Manufacturing Technologies.
Computer Technology.
Part III Thinking Like a Portfolio Manager.
Chapter 7 The Top-Down Method.
Investing Is a Science.
Einstein's Brain and the Stock Market.
The Top-Down Method.
Top-Down Deconstructed.
Managing Against a Technology Benchmark.
Chapter 8 Security Analysis.
Make Your Selection.
A Five-Step Process.
Important Questions to Ask.
Chapter 9 Upgrading Your Portfolio--InvestingStrategies.
Strategy 1: Adding Value at the Sector Level.
Strategy 2: Adding Value at the Industry Level.
Strategy 3: Adding Value at the Security Level.
Strategy 4: Adding Value in a Technology Sector Downturn.
Strategy 5: Venture Capital.
Good Luck!
Glossary.
Notes.
About the Author.
Index.

Über Autor(innen)

Brendan Erne is an equity research analyst at FisherInvestments, focusing on the Global Technology sector. He is also acontributing columnist for MarketMinder.com. Erne received a BA infinance from Washington State University. Prior to joining FisherInvestments, he worked as a financial advisor for AmeripriseFinancial in Bellevue, Washington. Originally from Redmond,Washington, Erne currently resides in San Francisco.
Andrew S. Teufel has been with Fisher Investments since1995, where he currently serves as a Co-President and the Directorof Research. Prior to joining Fisher Investments, he worked at BearStearns as a corporate finance analyst in its Global TechnologyGroup. Teufel also instructs at many seminars and educationalworkshops throughout the United States and United Kingdom, and haslectured at the Haas School of Business at UC Berkeley. He is alsothe Editor in Chief of MarketMinder.com. Teufel is a graduate of UCBerkeley.