Temasek eyes buys in technology sector

SINGAPORE state investor Temasek, which manages assets of more than $120 billion, may be looking to snap up stakes in technology companies, joining other big institutional investors in turning bullish on the sector's improving outlook.

Temasek recently bought shares in search-engine firm Yahoo! and may consider buying private companies ahead of listing them, according to sources.

"Technology has the potential to outperform in 2010," said Stuart Gorman, Edinburgh-based director in technology equities at Henderson Global Investors.