“I think there's a negative psychology in technology, and we're not out of October yet, ... I think there are mostly continued concerns on technology in general, but particularly on spending on telecom. When you look at which parts of technology are the weakest today, you see networking first.”
“Or thesis has been that HP would have a solid second half, driven by strong results in the consumer market, which should move the stock back up to our price objective of $140,”
“In services, we think the industry may be transitioning to Internet-style offerings, ... This transition may be holding back spending temporarily. IBM CEO Gerstner alluded to this in his May briefing [to analysts], though he added he has no concerns about services.”
“It's possible that end-of-quarter mainframe sales were light for IBM, ... It's also possible that software lags hardware and that the software companies are seeing the weakness IBM saw in fourth quarter of 1999 and the first quarter of 2000.”
“It's possible that end-of-quarter mainframe sales were light for IBM. It's also possible that software lags hardware and that the software companies are seeing the weakness IBM saw in fourth quarter of 1999 and the first quarter of 2000.”
“In services, we think the industry may be transitioning to Internet-style offerings. This transition may be holding back spending temporarily. IBM CEO Gerstner alluded to this in his May briefing [to analysts], though he added he has no concerns about services.”
“Or thesis has been that HP would have a solid second half, driven by strong results in the consumer market, which should move the stock back up to our price objective of $140.”
“I think there's a negative psychology in technology, and we're not out of October yet. I think there are mostly continued concerns on technology in general, but particularly on spending on telecom. When you look at which parts of technology are the weakest today, you see networking first.”
“We view the rate cut positively for the technology sector for the short term. Looking back to 1998, when the Fed unexpectedly cut interest rates, the tech sector outperformed thereafter. We believe the rate cut may be the catalyst for better performance in technology stocks that many investors have been looking for.”
