Richard Shaffer, editor of Technologic Partners, a newsletter that tracks the stocks of technology-related companies, concurred.

Two dozen technology-related companies have gone public in 2004, Mr. Peterson said; collectively they were down more than 10 percent as of Friday's stock market close.

And technology-related companies were especially keen to use a seemingly bottomless well of investor cash to finance their capital-intensive start-ups.

Now, with its proposed campus, Sarnoff hopes its own facilities will be attractive to scientists that it is recruiting as well as to technology-related companies.

Science and technology-related companies are considered a growth engine for the state, which ranks seventh in the nation in the number of high-technology jobs.

I.B.M. Down 7/8, to 97 7/8 The weakness in Compaq quickly spread to other computer and technology-related companies, both large and small.

Some of the slack was later taken up by small and mid-size technology-related companies - until when the dot-com industry crashed and rates once again rose.

It prefers to invest in mature or maturing technology and technology-related companies.

In April alone, eight technology-related companies appeared on European markets, rising 44 percent on average in their first month.

But most agreed that the rally in Nokia's shares and those of other technology-related companies was not being driven by a significant upturn in their business prospects.