Absolutely nothing is getting more positive. We need fundamental evidence to spur a long-term rally. |
Folks 'get' the idea of a potential mania on flat panel televisions and that Corning may be one of the few successful large cap ways to play the trend. |
For tech multiples to significantly reverse direction, investors will need to feel comfortable about fundamentals again...including earnings estimates, IT spending trends, and macro issues. |
Investors are moving from telescopic-themed-excessive-multiple creatures to microscopic-near-term-earnings-fearing-lower-multiple folks. |
Investors were hoping for some white knight to pop in and save Lucent. |
No way should Lucent's numbers be viewed as a sign that the business is turning around. They're coming off a horrible base. |
So far there's very little evidence of excess inventory and 1Q 04 expectations seem reasonable to us relative to historical norms. |
The age-old reaction to Microsoft doing something is 'It's not going to bother us,' but when Microsoft decides to turn up the heat, you really do have to watch out. |
There is probably not going to be a recovery until 2003. I expect the suffering to continue and impact most of the telecom stocks. |
Third quarter and fourth quarter earnings estimates need to come down dramatically. |
This is yet another failed attempt to jam everything into one device. The way I see it, they don't really know what they want it to be. |