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…mehr
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.Hinweis: Dieser Artikel kann nur an eine deutsche Lieferadresse ausgeliefert werden.
About Fisher Investments Press Fisher Investments Press brings the research, analysis, and market intelligence of Fisher Investments' research team, headed by CEO and New York Times bestselling author Ken Fisher, to all investors. The Press covers a range of investing and market-related topics for a wide audience?from novices to enthusiasts to professionals. BRENDAN ERNE is an equity research analyst at Fisher Investments, focusing on the Global Technology sector. He is also a contributing columnist for MarketMinder.com. Erne received a BA in finance from Washington State University. Prior to joining Fisher Investments, he worked as a financial advisor for Ameriprise Financial in Bellevue, Washington. Originally from Redmond, Washington, Erne currently resides in San Francisco. ANDREW S. TEUFEL has been with Fisher Investments since 1995, where he currently serves as a Co-President and the Director of Research. Prior to joining Fisher Investments, he worked at Bear Stearns as a corporate finance analyst in its Global Technology Group. Teufel also instructs at many seminars and educational workshops throughout the United States and United Kingdom, and has lectured at the Haas School of Business at UC Berkeley. He is also the Editor in Chief of MarketMinder.com. Teufel is a graduate of UC Berkeley.
Inhaltsangabe
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
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
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