In reviewing the 10 best- and 10 worst-performing technology, Internet and telecommunications sector funds this week, we can see that semiconductor and associated electronics funds shorted out. Alternatively, telecom funds connected shareholders to gains from servicing the portable-device trend. Excluding the inverse funds shorting the tech sector, the average fund we track lost 1.56% for the five trading days ending Thursday, July 24. On the bullish side, more and more people worldwide want to stay connected with each other at broadband speeds. These customers pay monthly subscriptions for their phones, organizers, games, and combined gadgets. A substantial portion of that revenue goes to the telecom and wireless equipment makers held by the Broadband HOLDRs TrustBDH. 58.4% of the fund is invested in QualcommQCOM. With...
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