12-16-2013, 02:20 PM
(12-13-2013, 07:07 PM)Kerim Wrote: You’ve got me thinking about tech at a high level now too, Tom. Just a high-level thought for the moment: It seems to me that on the one hand, “tech” as a sector has to have a bright future. Technology is only going to become more and more central to everyday life, and more and more objects, appliances, etc. are going to become “smart.” This will require huge amounts of hardware, software, chips, electronic components, wireless network infrastructure, IT support, etc. etc. etc. On the other hand, though, some of the biggest tech names that would seem poised to reap the benefits of this seem to be struggling – for example INTC, CSCO, and IBM are all struggling with negative coverage and expectations at the moment, at least from some quarters. So what gives? Is it not the big names that are going to thrive? Then which firms will be the beneficiaries of this rising tech tide going forward? Is my thesis about the future of tech wrong?
Interesting observations, though I don't think I have any answers to your questions. Perhaps the market is just wrong about INTC and CSCO right now and these are good buying opportunities. I wish my conviction was somewhat stronger.