Bottomline, forget about the daily movements of the indexes (which can do a 180 in a heart-beat anyway) and concentrate on the cheapest takeover targets, best cash-rich bargains, most logical partners-in-need and also the eventual titans who will get these companies for bargain prices and then control it all. VZ, SBC, AOL-TW, VIA, DIS and MSFT may end up controlling most of the wireless-information universe, with T bringing up the rear once they gradually climb out of their hole, GE maybe making a big move and DT trying to be the Euro champion. Did I forget anyone?
NT, ERICY, NOK, LU, EMC, SUNW etc. will all recover 40% from these low-low levels soon (and still be down 40-70% from their highs). IBM will stay strong and could gobble up all the little info/storage companies they want. Plenty of value there now. And contrary to what many say, little risk at these prices. I'd be very surprised if we dipped hard again before the rate cut. I think last Friday was the big blow-off day. And I completely disagree that YHOO will do down 67% as the other poster said. That would put it at $6 a share. ridiculous. YHOO is the #1 internet company in the world and the only truly global one. They're the future McDonalds of the internet. Worth 20 billion to the right company at least. That said, we'll see if I'm right. |
