A Legg Up on Tech: Legg Mason's Miller Likes the Sector

Here's a dose of good news for tech fans: Venerable value manager Bill Miller is putting his shareholders' money where his mouth is: distressed tech and telecom stocks.

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In comments at a New York conference and in a letter to shareholders of his (LMVTX Quote)Legg Mason Value Trust fund, Miller -- the only manager to beat the S&P 500 in each of the past 10 years -- said he was starting to nibble at shares of battered tech firms. On Friday, Legg Mason filed a portfolio report to institutional owners of his younger and more concentrated (LMOPX Quote)Legg Mason Opportunity Trust with regulators. Miller's first-quarter trades in the fund's portfolio underscore his growing tech appetite. ...