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FI on Technology

Medium: Buch
ISBN: 978-0-470-45237-0
Verlag: Wiley
Erscheinungstermin: 22.03.2010
Lieferfrist: bis zu 10 Tage

The sixth installment of the Fisher Investments On series is a comprehensive guide to understanding and analyzing investment opportunities within the Technology sector. Fisher Investments on Technology can help you quickly become familiar with this highly diversified sector, how the sector is segmented by industries, their respective macroeconomic drivers, and the challenges facing Technology firms.

This reliable guide skillfully addresses how to determine optimal times to invest in Technology stocks, and which industries and sub-industries have the potential to perform well in various environments. The global Technology sector is complex, including a variety of sub-industries and countries—each with their own unique characteristics. Using the framework found here, you'll discover how to identify these differences, spot opportunities, and avoid major pitfalls.

Fisher Investments on Technology:

- Discusses industry fundamentals, drivers, attributes, and potential challenges
- Addresses the challenges unique to Technology and some common pitfalls to avoid.
- Delves into top-down investment methodology as well as individual security analysis.
- Outlines a five-step process to help differentiate Technology firms—designed to help you identify ones that may have greatest probability of outperforming
- Provides investment strategies for a variety of market environments

Filled with in-depth insights and expert advice, Fisher Investments on Technology provides a framework for understanding this sector and its industries to help you make better investment decisions—now and in the future. With this book as your guide, you can gain a global perspective of the Technology sector and discover strategies to help achieve your investing goals.


Produkteigenschaften


  • Artikelnummer: 9780470452370
  • Medium: Buch
  • ISBN: 978-0-470-45237-0
  • Verlag: Wiley
  • Erscheinungstermin: 22.03.2010
  • Sprache(n): Englisch
  • Auflage: 1. Auflage 2010
  • Produktform: Gebunden
  • Gewicht: 492 g
  • Seiten: 224
  • Format (B x H x T): 155 x 235 x 19 mm
  • Ausgabetyp: Kein, Unbekannt
Autoren/Hrsg.

Autoren

Foreword ix

Preface xi

Acknowledgments xv

Part I Getting Started in Technology 1

Chapter 1 Technology Basics 3

More Than Gadgets A Means 4

Technology 101 7

Starting Small: Semiconductors 7

Getting Larger: Products and Components 12

Making It All Work: Software and Services 20

Chapter 2 A Brief History of Modern Technology 25

The Snowball Event: History of Semiconductors 26

History of Computers 31

History of Communications 35

History of the Internet 37

Chapter 3 Technology Sector Drivers 43

Economic Drivers 43

Political Drivers 57

Sentiment Drivers 61

Part II Next Steps: Technology Details 67

Chapter 4 Technology Sector Breakdown 69

Global Industry Classification Standard (GICS) 69

Global Technology Benchmarks 71

Technology Industry Breakdown 75

Chapter 5 Challenges in the Information Technology Sector 99

Product Maturity and Obsolescence 99

Fighting Maturity and Obsolescence 101

Extreme Fluctuations in Supply and Demand 110

Intellectual Property Threats 113

Chapter 6 A Deeper Look at Current and Emerging Technologies 117

Semiconductor Production Process 118

Emerging Manufacturing Technologies 122

Computer Technology 124

Part III Thinking Like a Portfolio Manager 131

Chapter 7 The Top-Down Method 133

Investing Is a Science 133

Einstein’s Brain and the Stock Market 134

The Top-Down Method 136

Top-Down Deconstructed 141

Managing Against a Technology Benchmark 149

Chapter 8 Security Analysis 155

Make Your Selection 156

A Five-Step Process 157

Important Questions to Ask 165

Chapter 9 Upgrading Your Portfolio—Investing Strategies 175

Strategy 1: Adding Value at the Sector Level 176

Strategy 2: Adding Value at the Industry Level 178

Strategy 3: Adding Value at the Security Level 183

Strategy 4: Adding Value in a Technology Sector Downturn 184

Strategy 5: Venture Capital 185

Good Luck! 186

Glossary 187

Notes 194

About the Authors 201

Index 202