Agree, Robert. I think it may take another outstanding qtr release from ADI, plus some table-pounding on DSL products flying out the door. We are in the first inning on that front IMHO. But it is true the tech market is still very shaky.
BTW, I have got to vent: has anyone else noticed that (robber) Barrons scolded CSCO for a PE of 100, while Krispy Kreme (KREM) is trading at a PE of 85?? Go to KREM news and you will find this in the 5/7 news piece:
..."In the last year and a half, the IPO market has been largely synonymous with tech stocks and the tech stock valuations have gotten clobbered in the last two
months," said Jay Ritter, a professor of finance at the University of Florida.
"It's conceivable that even if the Nasdaq stayed down, if the valuation of other sectors went up a more diverse group of firms might go public rather than being so
tech-oriented."
Indeed, Krispy Kreme Doughnuts (NASDAQ: KREM) has managed to swing higher in the face of market volatility, while many technology start-ups have been
hammered by skittish investors. Shares of Krispy Kreme, which priced at $21 per share in April, closed at 44-7/8 on the Nasdaq on Friday.
"If you look at Krispy Kreme, granted it's a small float, but it's done very well in the after market," said Kenan Pollack, money editor at Hoover's Online. "It's a
well-run company, and people understand the product. It's back to the basics." ...
LOL - It is a freakin DONUT company! My kingdom for some long term PUTS!!
Cheers
Mike |
