No, Mark. He said several months ago that the service provider business had satabilized, not the enterprise business.
This is on top of Intel, Compaq, a few others now. Enterprise means corporations' IT departments. That opens up the recovery to parallel spending in software, services, storage, carrier bandwidth...the whole gamut of corporate spending.
I was really encouraged by the sell-off in the defensive issues. It's clear the market is looking at growth companies again, if at least today, but this is another dose of confidence. Cisco is as big as they get. So is Intel.
Those people that say that tech stocks arent hated enough yet, that the public is still too enamored with them are right. Problem is when money chases growth, tech is it.
Health care is still a growth area, too, because kids my age start becoming higher maintanance...and there are a LOT of us. As my cardioligist quipped after I told him to still take Blue Cross, "I don't have to anymore." |
