Gilder's Status Suffers as Tech Stocks Sicken

George Gilder always insists that he isn't a stock picker. But his fondness for the big picture won't save him now from investors' wrath.

End of the Gilder Age?

Bookham, Gilder: Telecosm Devotees Predict the Next Pick

When tech stocks caught fire last fall en route to a stunning 85% gain in the Nasdaq , Gilder was cast in the role of shepherd leading his flock up the mountain. Ostensibly focusing on the revolutionary technologies of the future, he took on the mantle of market guru when he chose stocks like Qualcomm (QCOM Quote) before they became household names with their outsize gains.

With tech stocks well off their highs and the Nasdaq losing a quarter of its value over six weeks, some investors now see Gilder as the goat, not an innocent swami of networking technology, but nothing more than a stock tout. And while Gilder's early picks still look inspired, his choices early this year have meant big losses for many investors who had come to expect huge gains.

Moving On

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