PT - JOURNAL ARTICLE AU - William Ram Gursahani AU - Nancy E. Lichtenstein TI - Technology Investing AID - 10.3905/joi.2002.319499 DP - 2002 Feb 28 TA - The Journal of Investing PG - 84--93 VI - 11 IP - 1 4099 - https://pm-research.com/content/11/1/84.short 4100 - https://pm-research.com/content/11/1/84.full AB - Examining the high-tech telecommunications matrix that enables the new digital economy, and the “smart capital” fueling its growth, the authors consider risk mitigation issues as successful portfolio managers choose from a spectrum of opportunities. How are valuations determined in the new technology territory; what synergies drive advances in telecommunications and e-commerce? By understanding how each technology moves with leading macroeconomic indicators, one can minimize systematic market risk for a given expected return profile, and leverage and capitalize on the opportunities ahead.