Six of the seven last years, technology stocks have been weak around that time period. June, July has usually been around a bottom. |
Steve Jobs' presence at the analyst meeting can help to energize the financial community and offset some of the 'sell on the news' pressures. |
That's a reason to be a little cautious. There's the potential for a price war to start. There could be a lot of pressure on the margins. |
The extent of Apple's pre-announcement and the laundry list of problems that the company cited lead us to believe that its woes are as much company specific as they are industry related and the demand for products is just not there. |
The impact on Apple is not clear yet. But the French are late; Microsoft and Apple are already dominating the market. |
The odds [of a buyer] are reduced because of all the major challenges Gateway has gone through. It's a tough situation. |
The odds are long that someone would buy Gateway. |
The operating numbers were not as good as advertised. |
The reason we are optimistic about IBM's prospects is that with the worst very likely behind it - Y2K freezes, the problems in the HDD business and slump in services revenues that impacted 1Q00 - second-half 2000 is likely to turn up strong for IBM. |
The stock's rich multiple requires continued strong upside surprises and estimate increases -- both of which are unlikely to happen near-term as the law of large numbers catches up with the company. |
There's a bigger agenda here. Tandem has been in the forefront in moving to clustering [combining smaller computers' processing power to act like a mainframe]. That's one area that Compaq, along with Microsoft and Intel, want to move into. |
They are a fairly small player in a consolidating industry. Don't see acquisition of them [in the] near term. |
They were probably a little behind the curve, but it's still early in the game. Compaq needed a partner for an ASP opportunity. They tried to address it on their own, but this is probably a more effective way to be doing it. |
They're trying to create value-added. We are seeing all computer companies focus on new ways of generating revenue. |
This is an industry that needs some consolidation. There are some structural issues that need to be addressed. |