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Technology Stocks : Jimbo's Playhouse/CPQ
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To: Jimbo Cobb who wrote (12256)8/20/2007 11:11:04 AM
From: Mao II  Read Replies (1) of 12662
 
Jimbo: Here's some food for thought: Newspaper stox. THey've been crushed over the past year and continue to slide as ad rev falls. I don't think we are seeing the death of the typewriter, tho. In the past, the kinds of ad declines we're seeing in newspapers and broadcasters have been a pretty good harbinger of broader economic troubles. Its a classic cyclical business. My guess is that the big loss of classified to the net has taken what is there for the taking; dept store consolidation and car troubles have hit hard. Cutbacks in promotional/advert budgets elsewhere are now cutting into newspaper revs. A kind of one-two punch with body slam. You're the HBK, what you think? M2
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