David Brady, Stein Roe Funds
The techs have looked strong of late. Inventories at the
major companies (AAPL, IBM) have begun to correct
themselves. This is great for the esteem surrounding the
tech sector.
The Fed seems like it's on the side of investors. The tech
inventory correction is starting to come through. All the big
players are getting increased demand now. All this plays
into a rebound for tech.
DELL, INTC have also had encouraging news regarding
demand.
Brady took phone calls.
On CSCO:
Keep it, if you have it. They've cleared the decks for the
future. They're one of the best tech companies out there.
They're aggressive, and have great management and sales.
Hold onto them, you'll profit from it.
On BEAS:
Brady said he really loves this company. Their products are
used for web-based applications. It's very well managed, has
great growth. The valuation is a bit rich right now. This stock
isn't too great of a short-term play. Long-term, however, it's
great.
On SUNW:
A great company, whose products we will need to make the
web function. Things in the short-term are looking very bad
for SUNW, but in the long-term, things look nice.
On AMD:
AMD is a very good company. They're moving in on INTC's
turf, and are actually becoming better at manufacturing and
marketing. Pretty soon, they'll be a real competitor. This
stock is a great play for the long-term.
On VRTS:
Storage software company that is growing rapidly. They're a
good play for both short and long term. The demand for
companies like this is growing very rapidly.
On RIMM:
Very volatile stock. This is a company to be careful with.
Brady would invest for the short-term. |
