Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Johnny Canuck who wrote (44739)	4/17/2008 2:21:23 PM
From: Johnny Canuck	Read Replies (1) \| Respond to of 69098

Big Money's View of 'Great' Tech Earnings Posted Apr 17, 2008 12:15pm EDT by Aaron Task in Investing, Internet, Semiconductors, Information Technology Related: IBM, INTC, EBAY, GOOG, QQQQ Strong earnings and solid guidance from Intel, IBM, and eBay this week have encouraged tech investors. But hold the confetti, says James Altucher, managing director of Formula Capital, a fund of funds. Altucher, also an author and columnist for The FT and TheStreet.com, notes each of those "better-than-expected" results came with some caveats: * Intel only cleared a bar it had brought down with its weak margin guidance in early March; * IBM's services division had paltry year-over-year growth and its long-term bookings were down, and; * eBay's guidance wasn't spectacular and its active user growth has come to a near standstill. Altucher is far from bearish on tech stocks: He owns the QQQQs and believes the sector's leaders like Google are great long-term bets. But Altucher's lack of excitement about even the "best" technology earnings is an example of why the "hot money" is keeping its focus elsewhere.