Well, I dont know, I think the weakness today an any enterprise stocks was the Catp announcement that y2k is affecting business sharply. Having said that, however, it is clear that none of these stocks are going anywhere for a while, and that includes psft,sap,orcl,manu,i2 everybody. The small ones might go down further but generally I think everybody is going to remain flat. I just dont see any significant upside to the sector at this point and I just feel my money would be put to better use elsewhere, which is why I finally gave up a few weeks ago.
Manu is a funny stock because of the disaster last qtr.... I know they did sign some major deals this qtr and the expectations are fairly low so it seems like they should be able to break even as a minimum. I also know that there was an austerity program on for manu employees which was lifted about 2 mos ago so it seems like they wouldnt do that if business was still awful. But, the problem with their qtr will be what is said in the CC. My guess is, that will be very cautionary.
There was a very credible rumor that Gibson had a $35 offer on the table for Manu and he immediately rebuffed the offer. I happen to think there was probably something to that, after all we did see 2 bumps in the stock about 2 mos ago to the low 30s.... I wonder if he regrets that decision now...
MH |
