[Dell is] still a company that can grow, ... They have the cash. They can buy back shares. |
[Semiconductors] are an area that people saw as the premier growth area in the past. Anytime there's good news, people assume this is going to resume its growth and they rush back in. There's no fundamental pattern that would explain why they're up so much today. |
Every tech stock gets painted with the same brush those guys get painted with. |
I tend to think we're in for some period of weak growth, and I'm not talking about a quarter or two. I think for all of 2003 maybe into 2004 we'll continue to see weak growth. |
If the companies say they're seeing strong orders so far in the first three weeks of the current quarter, that probably keeps things going. If they say they don't have any visibility, we'll probably have a pullback. |
Intel is the leader in the semiconductor market. They're No. 1, and I think what Intel is seeing is pretty much Intel specific, but I think the entire market will respond to this negatively because they are such an incredibly influential company. |
It will largely be determined by how the companies meet expectations and set future expectations, |
Its market cap is so high, so any market cap weighted index that includes Intel is going to be hit. |
Over the long term, there is a recovery going on, but I think it's slower than a lot of people would like it to be. On the face of it I'd say it's just one day where things happen to be a little stronger than others. |
People are taking this as a signal. In this case, it's kind of pro-growth stock. The Nasdaq has the most growth stocks, and when interest rates stabilize, or go down, people start to think of growth as being worth more. |
Seems like some of the stocks that had really run up have taken a bit of a tumble as of late. |
The consumer confidence number dropping gave people a bit of a surprise. |
The reduction in oil prices is what's acting on people's psychology. Maybe we're going to get lucky and oil prices are going to stay low and we're going to get this end-of-the year rally that everybody hopes and prays for. |
These aren't decisions you make on a day or two basis. Capacity utilization in the industry is low enough that there would have to be a sustained increase in demand to see people start placing new equipment orders. |
Today is the opening day of the Consumer Electronics Show in Las Vegas, and there's a lot of buzz about new products for home and digital entertainment. They're taking up a larger share of the semiconductor market. |