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Technology Stocks : Cisco Systems, Inc. (CSCO) -- Ignore unavailable to you. Want to Upgrade?

To: Uncle Frank who wrote (58559)	3/19/2002 10:18:58 PM
From: t2	Read Replies (1) \| Respond to of 77400

uf, Interesting thing is that I found Jabil's conference call today to be bullish on the EMS sector; CSCO is a 10% customer--actually it may be 20%. They are guiding for sequential growth. That in itself may be enough for shorts to cover a lot of tech stocks. Tech needs some employment growth to create more demand for technology. Early in the recovery, we are not going to get that. Therefore, the market will look to late this year as the time for tech spending to increase and it is perfectly logical. You need to stop the job losses first. When they start hiring, will need new computers, servers, routers etc.... There is a lag. I watched the Nikei rocket from mid 9000s to mid 11,000s in 1 1/2 months. If that market can move like this, you know the same is possible with the Nasdaq near term. Remember the chart comparisons of both markets on the way up and down....so similar. Tech funds saw outflows in 10 of last 12 weeks..that has to be a contrarian indicator. Growth and value funds have seen big inflows lately. Of course, the growth managers can buy techs too but are not limited to them. That sets the stage for a rally into early April as I see it--and the Nasdaq should be leading. Not so bullish on the long term though. jmho.