So You Want To Bet On Broadband?

These stocks aren't cheap, and they can be volatile

Web surfers fed up with pokey dial-up connections aren't the only fans of broadband, or high-speed Internet access. "The demand for broadband is one of the fastest-growing areas in telecommunications," says Oscar Castro, manager of the Montgomery Global Communications fund. "That means plenty of opportunities for investors." Adds Brian Stansky, who runs the T. Rowe Price Media & Telecommunications fund: "If you look at where the world is really going to change, this is it." Indeed, America Online's recently announced merger with cable and media giant Time Warner is a sign that "broadband is becoming a more valuable financial asset," says Bruce Kasrel of Forrester Research.

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