In 2005 the GTI finished with a small gain, not
far from being unchanged. But at the individual
stock level, it had both large gains and large
losses, ranging from NetLogic Microsystems
(NETL) at +123% to LanOptics (LNOP) at - 64%.
The company-by-company returns for the fourth
quarter and the full year are set forth below.
The big heroes of the past year were the afore-
mentioned NETL and Corning (GLW), both of
which were added to the list during the year.
Well timed, GG. I guess we should be jumping
on your new picks. The recent additions, Ikanos
Communications (IKAN), Sigma Designs (SIGM),
and Finisar (FNSR), all got off to good starts,
though FNSR's proved short-lived.
The dregs of the list contains a number of
Gilderland favorites. 2005 was a rough year
for them. Let's hope 2006 is breakout time.
LNOP's 27% gain this week is a giant step
in the right direction.
|
4th Q uarter |
Full Year |
note | |||
|
SYNA |
31% |
NETL |
123% |
in 1/28 |
|
|
NETL |
26% |
GLW |
81% |
in 3/25 |
|
|
AMD |
21% |
BRCM |
46% |
||
|
BWNG |
21% |
NSM |
45% |
||
|
TSM |
21% |
A |
45% |
x 12/21 |
|
|
CPHD |
19% |
ZRAN |
40% |
||
|
ZRAN |
13% |
AMD |
39% |
||
|
WIND |
13% |
TXN |
31% |
||
|
JDSU |
13% |
TSM |
27% |
||
|
IKAN |
9% |
TERN |
20% |
x 6/3 |
|
|
PWER |
9% |
IKAN |
9% |
in 12/21 |
|
|
A |
6% |
INTC |
8% |
||
|
SIGM |
6% |
WIND |
8% |
x 12/21 |
|
|
GTI |
2% |
SIGM |
6% |
in 12/21 |
|
|
GLW |
2% |
GTI |
5% |
||
|
INTC |
2% |
CHRT |
4% |
x 2/11 |
|
|
BRCM |
0% |
QCOM |
2% |
||
|
NSM |
-1% |
SKM |
2% |
in2/11,x12/21 |
|
|
S |
-1% |
ADI |
-2% |
||
|
EQIX |
-2% |
FNSR |
-4% |
in 12/21 |
|
|
ALTR |
-3% |
EQIX |
-5% |
||
|
ADI |
-3% |
S |
-5% |
||
|
QCOM |
-4% |
ALTR |
-10% |
||
|
FNSR |
-4% |
CPHD |
-12% |
||
|
TXN |
-5% |
XLNX |
-14% |
||
|
SKM |
-7% |
KEYW |
-16% |
||
|
XLNX |
-9% |
SYNA |
-19% |
||
|
FLEX |
-19% |
JDSU |
-21% |
x 12/21 |
|
|
LNOP |
-20% |
FLEX |
-24% |
||
|
KEYW |
-21% |
PWER |
-33% |
||
|
SMI |
-21% |
BWNG |
-34% |
||
|
MVIS |
-39% |
SMI |
-37% |
||
|
MVIS |
-49% |
||||
|
LNOP |
-64% |
||||
But that's all ancient
history. Let's get on with
the new year.
So far, so good, to put it mildly. The GTI had its
best week in 16 months.
The Week's Top Gainers and Losers
| Gainers | Losers | ||
| LNOP | + 27.4% | KEYW | - 2.6% |
| XLNX | + 15.5% | SIGM | - 1.8% |
| ZRAN | + 15.2% | S | - 0.4% |
| BRCM | + 11.1% | ||
| IKAN | + 11.1% | ||
The Week Day by Day:
An impeccable week, not a drop of red ink
in
sight. We want more!!!
Returns for the Week:
Gilder Technology Index (GTI):
+ 7.8%
Nasdaq Composite
Index (NSD): + 4.5%
S&P 500 Index (S&P): + 3.0%
Historical Returns:
| Period | GTI | NSD | S&P |
| 1997 (est'd) | 21% | 22% | 31% |
| 1998 (est'd) | 48% | 40% | 27% |
| 1999 | 284% | 86% | 20% |
| 2000 | - 44% | - 39% | - 10% |
| 2001 | - 43% | - 21% | - 13% |
| 2002 | - 56% | - 32% | - 23% |
| 2003 | 130% | 50% | 26% |
| 2004 | 3% | 9% | 9% |
| 2005 | 5.1% | 1.4% | 3.0% |
| 2006 to date | 7.8% | 4.5% | 3.0% |
| Avg for 9+ yrs | 11.0% | 6.6% | 6.3% |
| Last 52 wks | 21% | 10% | 8% |
|
Since the
high of 3/06/00 |
- 76% | - 54% | - 16% |
|
Since the low of 10/09/02 |
301% | 107% | 65% |
Comparison of Returns
for GTI Stocks
By Whether or Not They Pay Dividends:
| Year | Do Pay Dividends |
Do Not
Pay Dividends |
| 2004 | 11.6% | - 3.3% |
| 2005 | 11.1% | 4.2% |
| 2006 to date | 7.7% | 7.8% |
Makeup of the
GTI:
The GTI companies are those "Telecosm
Technologies" in the Gilder Technology
Report whose stock is readily available to
investors. If a company is not traded on the
NYSE, AMEX, or NASDAQ National Market,
it is not in the GTI.
There are now 27 companies in the GTI.
Advances vs. Declines:
Among the GTI stocks this week, there were
23 up, 3 down, 1 unchanged.
From the GTI's Origin (1/1/99) to Now:
Weekly Change in the GTI, Last 52 Weeks:
Trailing 3-Month Returns, Last 52 Weeks:
