ANCHOR (OFF-CAMERA) ENGLISH SAYING:

What about Yahoo!, Marissa Mayer. The stock's up about 70% since she took over. Do you own it? Is it something you wish you owned?

KEVIN LANDIS, CIO, FIRSTHAND CAPITAL MANAGEMENT (ENGLISH) SAYING:

We don't. We don't own it but you know we're paying close attention to it. The way I would look at Yahoo! is actually treat it like a startup. It's a startup with a big bag full of cash and a pretty healthy market cap. What are they going to do next? And it's not enough to say that we're going to have a mobile strategy. Can you imagine somebody saying we're not going to have a mobile strategy?

ANCHOR (OFF-CAMERA) ENGLISH SAYING:

Yes, true.

KEVIN LANDIS, CIO, FIRSTHAND CAPITAL MANAGEMENT (ENGLISH) SAYING:

So you have to see that next great product and that next great thing. And they've got a good platform they can experiment around and I hope they find something because that would be a great story.

ANCHOR (OFF-CAMERA) ENGLISH SAYING:

But you're not there yet?

KEVIN LANDIS, CIO, FIRSTHAND CAPITAL MANAGEMENT (ENGLISH) SAYING:

Not yet.

ANCHOR (OFF-CAMERA) ENGLISH SAYING:

Your fund actually focuses on what you call emerging opportunities. What is the hottest new thing in tech?

KEVIN LANDIS, CIO, FIRSTHAND CAPITAL MANAGEMENT (ENGLISH) SAYING:

You know, for this fund, the thing that probably frustrates me the most is that there's not yet a public play on wearable technologies. But you know, it took Lance Armstrong getting everyone to wear that Livestrong bracelet on their wrists that just sits there and doesn't do anything to make that cool. Now that it is cool, people are thinking well what can we put in there? Can we put some sort of a heart rate monitor or a galvanic skin response, or can I track your health and wellness on something on your wristband and when I do that can I beam that wirelessly to your smartphone so that you can track how many steps you've taken in a day and how well you're sleeping and all these other great things. That's going to be a great trend.

ANCHOR (OFF-CAMERA) ENGLISH SAYING:

So that's why you like Apple as you mentioned before?

KEVIN LANDIS, CIO, FIRSTHAND CAPITAL MANAGEMENT (ENGLISH) SAYING:

That's partly why we like Apple because, even if you're using a Fitbit or a Jawbone wristband, you're probably going to beam it back to your iPhone and that's good for Apple.

ANCHOR (OFF-CAMERA) ENGLISH SAYING:

Kevin, at the end of last year, you had over 11% in cash. Is that typical? Have you deployed any of it?

KEVIN LANDIS, CIO, FIRSTHAND CAPITAL MANAGEMENT (ENGLISH) SAYING:

We've deployed some of it and I have to say that's hurt our performance this year because the market has been up a lot and we haven't kind of kept pace with the crowd. But that's fine because, you know, every once in a while when things really get hairy, the cash is really great to have. So, you know, we try to stay close to fully invested most of the time but we're not religious about it. Flexibility can be a good thing as well.