Analysts: Tech investors need steel nerves in 2005


AMSTERDAM: Investors in technology firms need nerves of steel this year, but there are opportunities for stock pickers even as the sector suffers a particularly tough bout of overcapacity and price pressure, analysts said.  

Both the top and the bottom of the electronics food chain have warned of a weak fourth quarter in recent weeks, with retailers and chip makers reporting sharply lower selling prices which offset higher volumes. Germany's Epcos late on Thursday last week was Europe's third chipmaker to warn last week. 

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