Skipper Sees Another Year of 'Tough Sledding' for Big Tech

And now, the bad news on technology.

In the first part of this week's 10 Questions, tech investor Roger McNamee sounded a positive note on many areas of consumer-oriented technology. In Part II, McNamee, the co-founder of Integral Capital Partners and Silver Lake Partners, discusses technology companies that primarily serve corporate America. His outlook for 2003 and beyond isn't exactly rosy: McNamee doesn't see IT spending picking up, and he expects the Nasdaq to trail the S&P 500 this year.

Nonetheless, McNamee does find a few stocks worth buying, including Cisco (CSCO Quote) and Microsoft (MSFT Quote). For a better understanding of the tech environment, read on. ...