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...safest approach to biotech is via mutual funds. Vanguard Health, Fidelity Select Health and Putnam Health Sciences have the best three-year returns, according to Lipper Analytical Services. But if you're playing with the speculative part of your portfolio, which is appropriate here, individual stocks pack the big thrill. Naturally, there's no telling if biotech stocks will break out of their slump anytime soon. But if you want to be there when they do, start nibbling...
...such complaint came via e-mail from first-year HLS student T. Dela Avle, who said that he "literally had to share a couch with an undergrad" Wednesday...
...peeling white paint, tilting buffet tables, schoolroom chairs bolted together into haphazard couches. But the attraction here isn't the decor; it's the machines: a beige Compaq Proliant 2500 computer and an off-white Dell Poweredge, hooked into a refrigerator-size rack of network routers and, from there, via a thumb-thick black cable, to the infinite abundance of the Internet. Edward Zeng, the 35-year-old Chinese entrepreneur who commands this tiny outpost in the battle for information freedom, can't resist a grin as he looks around the modest but astonishing room buried within a warren...
...that will shotgun state-of-the-art technology into every field from health care to finance. By 2010 hundreds of millions of Chinese will be wired to the Golden Bridge financial network, carrying Golden Card smart cards and automatically forking over a chunk of their salaries to the government via a microchip-enabled Golden Tax. Says Bryan Nelson, Microsoft's commanding general in the region: "China is going to be the ultimate proof of all that the Internet can do. And the amazing thing is, the Chinese seem to understand that. Better than some people in the West, actually...
...regulatory muster, it could signal the start of a new round of combinations. Already AT&T and Bell Atlantic are both eyeing BellSouth as an attractive dance partner. And Ameritech could give SBC the muscle to realize CEO Edward Whitacre's long-held dream -- a takeover of the mothership via a merger with AT&T.