Dec 25, 2005 (07:12 PM EST)
Credit Suisse First Boston Disruptive Technology Portfolio
Read the Original Article at InformationWeek
The Disruptive Technology Portfolio slightly underperformed the broader market this week, posting a decline of half a percent, versus a .8% uptick for the S&P 500. Overall, declines outpaced advances by nearly 2-1. During the week, there were three stocks with stock price appreciation greater than 5%, and also four stocks that declined greater than 5%. The biggest gainer for the week was Indian outsourcing firm Wipro, which gained nearly 9% on slightly higher volume. On Demand HR software provider Ultimate Software was up 8% for the week, while Novell gained over 5% for the week, indicating investor interest in both the on demand model, and open source technology. Right Now Technologies took a breather this week, dropping 10%, and giving back its recent gains. China Internet Company Baidu dropped 7% for the week following Google's announcement that they would not be increasing its investment in the firm. And semi-conductor company Marvell dropped 7% for the week, most (6%) on Wednesday following Seagate's acquisition of Maxtor. Clearly, investors were concerned that this could negatively impact Marvell's newly ramping business with Maxtor.
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Disruptive Technology Portfolio