Hightech, >Can't anybody say one fu$$ing good thing about this company?
Some body can. I heard one this morning, on CNBC. Gary Kominsky (sp?) of Newburg something investments. Asked about beat up techs he'd buy, he mentioned Intel. Said look past the PC slowdown right now to the new product cycle that will pay off in 2002. Assume he meant P4, not Itanium. Asked about Microsoft, he passed. Then Maria chimed in with "yeah, but I talked to Jonathan Joseph yesterday..."you know the rest. Kernen came in with Joseph saying we're just in the 3rd inning of the semi slowdown, won't bottom 'til mid next year. So now he's throwing the baseball innings back at us in an inverse, perverse baseball game. JJ likes one semi stock: ADI. Yes, jojo, but doesn't Intel have a major alliance going with them (DSP++)? They all kiss jojo's butt right now, but if Greenspan hadn't killed the economy, which was not at all obvious, back in June, that it would happen, he may have been wrong. You could say that he got lucky.
I guess CNBC will now be talking about the tech wreck for as long after it starts to get fixed, as they did about the dot coms, for as long as they thought that was the only group that had stocks to buy.
Tony |
