Replies to post #38 on Fidelity Select Funds

[sumisu]

Fidelity Select Telecommunications (FSTCX)

The investment seeks capital appreciation. The fund normally invests at least 80% of assets in securities of companies principally engaged in the development, manufacture, or sale of communications services or communications equipment. It may invest in securities of foreign issuers and may invest a significant percentage of assets in a single issuer. The fund is nondiversified. [overview from MSN]

[sumisu]

Fidelity Select Technology (FSPTX)

The investment seeks capital appreciation. The fund normally invests at least 80% of assets in securities of companies principally engaged in offering, using, or developing products, processes, or services that will provide or will benefit significantly from technological advances and improvements. It may invest in securities of foreign issuers. The fund is nondiversified. [overview from MSN]