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It's All the Talk

A fund tunes in to growing media & telecom industries.

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This story appears in the December 2006 issue of Entrepreneur. Subscribe »

Twenty years ago, were huge and didn't do much more than ring. Today, they're wafer-thin and provide users with choices of ringtones, photo and text messaging options and more. Just as the size of our phones has changed, so has the industry.

Henry Ellenbogen and Robert Bartolo manage the T. Rowe Price Media and Telecommunications Fund (PRMTX). Though this sector fund typically keeps about 80 stocks in its portfolio, the top 10 holdings made up 50 percent of the fund in mid-August. The wireless tower and billboard industries topped the managers' favorites list at that time.

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