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Google and Apple stock surge may mask tech maturity | |
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||
| Time: 00:28 EST/05:28 GMT | News Source: Reuters | Posted By: Erick Cordero | ||
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Investors may remember 2005 as the year technology stocks heated up again as shares of Google Inc. and Apple Computer Inc. soared. But those stocks may mask a maturing of an industry once notorious for boom-and-bust cycles, analysts said. Google's 118 percent surge in 2005 and Apple's 122 percent leap contrast with the 1.8 percent gain of the technology-heavy Nasdaq Composite Index and the 3.4 percent advance of Standard & Poor's 500 Index. The more sedate performance of the broader indexes suggests technology stocks have settled into a less volatile pattern after the tech bubble burst, analysts said. | ||
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