Technology: the return of the prodigal son

TECHNOLOGY

Henderson's Stuart O'Gorman on whether the resurgence in corporate interest in technology spending marks an opportunity for technology investors

Ever since the collapse of the dotcom bubble in 2000, technology has been a dirty word for many investors, with the number of specialist technology funds dwindling as investors deserted the sector. It was not just investors who were disappointed by technology, but also all those who spent billions on the internet wave only to see their dreams dashed upon the rocks as companies failed to deliver on over-hyped promises. However, change seems to be afoot in corporations' attitudes to technology spending. The revenue growth of technology companies is rapidly outpacing that of the old economy...