Ann: Appendix 3B, page-26

hi vfrioni, it certainly is an unloved sector. Even IBM is down in the dumps. Indications are that IT services is becoming more competitive and margins are getting compressed. The rest of the tech sector appears to be performing well, with bellwether stocks near multi year highs (Microsoft, Intel, Apple, Oracle are some examples). Aussie IT stocks totally reliant on local business are probably not the place to be right now with the Aussie economy not looking so great.