Amerindo Adds Some Bio- to Tech Holdings

The (ATAHX Quote)Amerindo Technology fund shuffled its top-10 holdings in the second quarter to make room for two biotechnology companies among its usual Internet holdings.

The appearance of Protein Design Labs (PDLI Quote) and Gilead (GILD Quote) in the top 10 may be a harbinger of things to come.

Amerindo plans to target investment in health-related Internet companies going forward, says spokesman Richard Dukas. "The health infrastructure is very big and bloated and inefficient, and we believe the Internet can play a significant role in streamlining processes and cutting down on inefficiencies." ...