High Tech Betting For The Risk Averse

I had Huachen Chen on the phone the other day and was astonished to find that even he was astonished. E-TEK Dynamics, a stock in the Dresdner RCM Global Technology Fund he co-manages with Walter Price Jr., had just jumped 66 points on word of a merger with fiber-optics leader JDS Uniphase. "E-TEK is actually the third time we've owned something that Uniphase bought," he said, stifling a laugh. Last year, such picks helped send the $480 million fund up 183%.

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