earlie -
In accordance with the fairness doctrine -
www2.marketwatch.com
Intel: The market bomb that wasn't
By Mike Tarsala, CBS.MarketWatch.com
Last Update: 10:18 PM ET Mar 8, 2001
SAN FRANCISCO (CBS.MW) - Turning to tech stocks, blah, blah, blah... huge Intel warning...yadda, yadda, yadda.
With so many tech companies ringing the warning bell in recent months, the market's becoming deaf to it. Even the world's largest chip-maker is being drowned out.
It all starts to suggest that Intel's stock (INTC: news, msgs, alerts) , and the technology market overall, have fallen as low as they're going to go. And at prices like these, investors are getting itchy to buy.
"Everybody's chasing value stocks, but I see value in tech stocks at these multiples," said David Briggs, head equity trader at Federated Investors. "Look at price-to-earnings, price-to-revenue, market cap, cash, or whatever: The stock prices already are counting in a severe, prolonged, and deep recession."
Regards, Don |
