But that was several months ago, in a different market for technology stocks.
A lack of technology stocks has held back its performance.
He thinks 1988 will be a good year for many technology stocks.
About 40 percent of the $6 billion that the firm has under management is in technology stocks.
But the fund has been moving out of technology stocks.
By and large, yesterday was a good day for big technology stocks.
"I think the best technology stocks could go up for 5 to 10 years," he said.
Yet in most cases, prices of technology stocks remain high.
Now the fall in technology stocks is having the opposite effect.
It was almost seven years ago, in the fall of 1990, when technology stocks came alive again.