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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: maceng2 who wrote (257529)8/25/2003 2:14:31 AM
From: ild  Read Replies (1) of 436258
 
Hickey is trying to save his face (he has been carrying INTC poots):

Not all technology watchers were convinced that Intel's improved outlook was a sign of broader strength.

"Riding semiconductor stocks is better than riding Six Flags roller coasters," independent analyst Fred Hickey said. They go up because people think "there's going to be a rebound, then there's this big inventory puke and everybody collapses We still go on the ride."

Hickey, who publishes the High Tech Strategist newsletter, said computer makers this summer increased their chip purchases in anticipation of an uptick in sales in the second half of the year. "It's called euphoria-driven inventory build," he said. "We've seen nothing to suggest an actual pickup in corporate spending."


latimes.com
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