Silicon Valley investment bankers have one burning question: What’s the next move for the “technology mafia” – the dozen or so influential hedge and mutual funds that turned technology issues into Wall Street’s new blue-chip stocks?
The funds could only watch as Microsoft, Dell Computer, Cisco and Intel were dragged down when the global market rout finally hit New York on the last day of August.
“It’s white-knuckle time for them,” says an investment banker of the secretive group who were “in the bunker, taking all the pain” during the recent sell-off.
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