Summary By. FFShort
One of the top performers in the U.S. growth fund sector has lost his appetite for tech. In fact, he's getting out of almost all U.S. and European tech companies for that reason -- and is turning his attention to China.
Jordan tells Reuters, The growth is much faster, it's much more of a green field opportunity.
NetEase.com and Sohu.com , Jordan believes, will be the hot items for investors this holiday season. It doesn't
seem like a big accomplishment, but the average comparable fund has lost 4.4% a year over the
same time period, and the S&P 500 is off 5.6% annually.
Jordan's record over the past decade, which
includes his work with institutional investors before opening his current fund, has stayed
ahead of the S&P by an average of 6 percentage points a year.
Apple backs AT&T in continuing spat with
Verizon
has been getting itself into a wad about recent commercials
from larger competitor Verizon Wireless. In those ads, Verizon touts its advanced 3G wireless coverage over
AT&T's tepid 3G coverage as a way to battle the ubiquitous popularity of
the Apple iPhone that no carrier seems to be able an unseat as the phone to
exclusively sell. Now, AT&T's exclusive partner, Apple, is taking
sides. While Verizon
is claiming AT&T does not want to face the truth, Apple is now
running ads touting the iPhone's ability to take a voice phone call while
downloading internet content or web surfing at the same time -- something no
Verizon handset can presently do.
The wireless market in the U. That's a tough call -- but Verizon's first, long volley across
AT&T's bow just ignited a powder keg.
Apple's iPhone set for South Korean launch
Apple continues to bring the iPhone to countries outside the U. Apple won't be slowing down international introductions of the handset that changed the wireless game, that's for sure. As such, South Korea's own LG Electronics and Samsung Electronics are about to see their homeland assaulted by the official introduction of the iPhone for sale into that country.
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