ORCL as a Value Play...
From www.usatoday's Wall Street Summary
[text deleted]
"I'm still very bullish on technology stocks," said Joseph Battipaglia, chief investment strategist at Gruntal & Co. "Expectations have been cut dramatically. The companies that are preannouncing earnings disappointments have done so, and it's not going to be a widespread phenomenon. So we're using this as another one of those opportunities to buy them. I like the top tier in semiconductors, which would include Intel. In the disk-drive arena, we'd start with Seagate Technology, Western Digital, and Quantum.
"In networking, Cisco Systems is our lead candidate," Battipaglia continued. "As best I can tell, I think the demand is going to stay firm and they'll do fine. I just don't see a massive slowdown coming such that the order rates will be cut. We'd go back to Oracle as a value opportunity and we'd also go into some of the bigger
technology-related companies like IBM, Hewlett-Packard, and Motorola.
[text deleted]
FULL TEXT AT:
usatoday.com |
