rs internet age fund contrary to 202 when the investment community seemed have lost all conviction in prospects for emerging growth technology companies 2003 marked what we believed be begining of a multi year period improved information it spending along with some potentially large new trends believe that our portfolio are well positioned capitalize on these performance 12 month ended december 31 was up 101 22 whereas its benchmark thestreet com phlx sector index dot 1 78 69 this strong coincides one strongest environments recent years which resulted sizable upward earnings revisions and price p e multiple expansion review while continues represent most fastest growing is goal own several established franchise as also opportunistic buyers experiencing temporary setbacks but attractive valuations bright longer term owns capitalizing key markets like consumer digital wireless