Chillingworth: Investors still too cautious on tech

Market confidence in tech firms is yet to return as investors have not forgotten the aftermath of the tech bubble, according to Rathbone Unit Trust Management CIO Julian Chillingworth.

This is despite what he sees as a rosy outlook for companies like Blinkx, which Chillingworth bought for his Rathbone Recovery fund on share price weakness following a "profit glitch". Blinkx earns its revenue providing adverts displayed alongside online videos on sites like YouTube, crucial for websites offering content streaming which are keen to monetise their offerings. "The whole area is growing terribly fast. There is a lot going on there which made Blinkx interesting," Chillingworth (pictured) said. "We doubled our money and have been taking profits off the top." Another oft...