Give tech investors credit for one thing: They don't give up. Though tech sector executives continue to say they see little sign that demand will pick up before the second half of next year, tech investors have staged themselves quite a party since early October. The combination of improving macroeco-nomic numbers and surprisingly strong earnings reports from the likes of IBM Corp. and Hewlett-Packard Corp. was enough to push the NASDAQ index to a six-month high of 1,481.90 by Nov. 25. Although profit-taking brought the index down slightly the next day, it was still up 30% from its six-year low on Oct. 9. For the same period, the Standard & Poor's 500-stock index gained just 17.6%.
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