Uncertain sentiment hanging over the technology sector is continuing to cause market volatility in the US.
Spending on that sector's products and services has been cut and even established technology companies such as Oracle are issuing profit warnings thick and fast.
The Nasdaq Composite is down a whopping 54% over the past 12 months.
"The economic environment is bad," says US-based Ahmet Okumus, fund manager of the Okumus Opportunity Fund. The US long/short equity fund is currently ranked