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Tech stocks? Losers. Industries are hip again. It may not last, but take the hint and diversify

The suddenly flush clerks and secretaries, not to mention the even flusher bankers, at Wall Street powerhouse Goldman Sachs Group won't be convinced. But their company's smashing $3.7 billion initial public stock offering last week--spreading wealth up and down the ladder--was less noteworthy than a handful of Internet IPOs that flopped. Say what? Yes, flopped. Shares of online map company Mapquest and online advertising company Flycast failed to double in a day--a stiff bogey but one that Internet companies have been hitting all year. Meanwhile, online real estate company actually fell on Day One.

This turnabout points up...

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