The Information Technology sector
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INFORMATION TECHNOLOGY SECTOR OVERVIEW As of 31 January 2004, the Information Technology sector comprised 18.54 percent of the S&P 500. The sector in our portfolio is comparatively underweighted, then, accounting for only 17.1 percent. This particular sector is divided into 3 sectors: Software and Services, Technology and Hardware Equipment, and Semiconductors and Semiconductor Equipment. The three largest companies in the Software and Services Industry are Microsoft ($298.3 billion market cap), Oracle ($72.5 billion), and SAP AG ($51.7 billion). These are by far the largest companies within this industry, since the next largest by market cap is only $15.2 billion. The Technology and Hardware Equipment sector is similarly top heavy with International Business Machines ($167.4 billion) being the largest. In addition, Cisco Systems, Inc. ($159.4 billion), Nokia Corporation ($104.5 billion), and Dell Corp. ($87.1 billion) are major companies in this industry. The Semiconductors and Semiconductor Equipment industry is led by Intel ($196...

