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Technology Stocks : Google Facts Zone
GOOG 313.82-0.2%3:59 PM EST
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To: Paul Chiu who wrote (2401)11/10/2007 11:51:02 AM
From: Lizzie Tudor  Read Replies (1) of 3618
 
this comment from that Barrons article is interesting:

And by the way: While Cisco's issue was enterprise spending, it's hard to imagine that the consumer side of the economy is going to look a whole lot better, given the shriveling of home-equity borrowing. There is a perception among some market players that certain tech stocks -- Google (GOOG), Research In Motion (RIMM), Apple (AAPL), Amazon (AMZN), VMware (VMW) and Baidu (BIDU) -- have such powerful fundamental and technical momentum that they can't be stopped.

First of all VMW is not a consumer stock (I am bearish on that one btw). And Savitz goes on to mention oil prices in the next sentence whereas BIDU has no such exposure to oil shocks since China caps oil prices and besides the dollar is the real issue so China is fine.

You can actually make an argument that search revenue improves as oil rises, there is definitely some of that.

As for enterprise spending that is a red herring, it has moved offshore for the most part so you might as well look at any business barometer like demand for food staples and determine the economy is weakening.... or not.

I think we all remember the Barrons Gurgle article, quoting the permabear Fred Hickey as some sort of prognosticator to short GOOG at the ABSOLUTE LOW for the year a few years ago.

Barrons bashed FSLR earlier this year also. why doesn't somebody start tracking their calls? They are horrible.

BTW I have Lazarus on ignore.
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