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Technology Stocks : Hewlett-Packard (HPQ) -- Ignore unavailable to you. Want to Upgrade?

To: Oeconomicus who wrote (4104)	1/7/2008 10:08:10 PM
From: Kirk ©	Read Replies (1) \| Respond to of 4345

The "story" is banks use a lot of computers and they will cut capital spending to preserve capital (and let the smarter banks take their market share). I think the shorts feed these stories to the news folks like Cramer so they can get a few more bucks before covering. The "truth" from Intel at CES is their business is booming overseas and the impact from the banking sector troubles are not that big a deal.... I think I heard Cramer say on TV he was reluctant to recommend HPQ NOW, which he has in his charitable trust, because it keeps going down despite being a great value... I think that is as close to a "ding" we'll get and he'll be bank on the HPQ bandwagon when it is back in the $50's...