Fisher Investments on Technology

Preface.

Acknowledgments.

Part I Getting Started in Technology.

Chapter 1 Technology Basics.

More Than Gadgets . . . A Means.

Technology 101.

Starting Small: Semiconductors.

Getting Larger: Products and Components.

Making It All Work: Software and Services.

Chapter 2 A Brief History of Modern Technology.

The Snowball Event: History of Semiconductors.

History of Computers.

History of Communications.

History of the Internet.

Chapter 3 Technology Sector Drivers.

Economic Drivers.

Political Drivers.

Sentiment Drivers.

Part II Next Steps: Technology Details.

Chapter 4 Technology Sector Breakdown.

Global Industry Classification Standard (GICS).

Global Technology Benchmarks.

Technology Industry Breakdown Software.

Chapter 5 Challenges in the Information Technology Sector.

Product Maturity and Obsolescence.

Fighting Maturity and Obsolescence.

Extreme Fluctuations in Supply and Demand.

Intellectual Property Threats.

Chapter 6 A Deeper Look at Current and Emerging Technologies.

Semiconductor Production Process.

Emerging Manufacturing Technologies.

Computer Technology.

Part III Thinking Like a Portfolio Manager.

Chapter 7 The Top-Down Method.

Investing Is a Science.

Einstein’s Brain and the Stock Market.

The Top-Down Method.

Top-Down Deconstructed.

Managing Against a Technology Benchmark.

Chapter 8 Security Analysis.

Make Your Selection.

A Five-Step Process.

Important Questions to Ask.

Chapter 9 Upgrading Your Portfolio—Investing Strategies.

Strategy 1: Adding Value at the Sector Level.

Strategy 2: Adding Value at the Industry Level.

Strategy 3: Adding Value at the Security Level.

Strategy 4: Adding Value in a Technology Sector Downturn.

Strategy 5: Venture Capital.

Good Luck!

Glossary.

Notes.

About the Author.

Index.