Arnie Berman
Arnie Berman
company far ibm looks solutions though time
So far it looks good. It looks as though IBM is the company that has the right solutions set for some time now.
aware bond cash chances flows improved investors irrelevant market money owed
The bond market is keenly aware that cash flows have improved and that the chances of investors getting back money they are owed is better. That's not at all irrelevant to stockholders,
bad best great news reactions year
The best news this year has been great reactions to bad news,
control cost gotten strategic structure sun
Sun has not gotten its cost structure under control and is more of a strategic muddle.
content context happened intel line numbers whisper
The Intel numbers were actually in line with the whisper numbers, so the content is not so surprising, but the context is excellent, when you look at what happened in the quarter.
boring fourth losers people stuff
At this point, boring makes for an interesting fourth quarter. I think this year's losers win. The stuff that people chucked from their portfolios is what they will want back.
activity bond companies equipment market money providers scared service signal spending start
Consolidation activity is actually a signal that service providers are scared and will start spending money again. Equipment companies are long-term beneficiaries of this and frankly, I think that's what the bond market is smelling out,
belief confused people somewhat tech unilateral
There's no unilateral belief about tech stocks. People are confused and somewhat justifiably.
clearly companies decisions forced investors sector technology
Companies in the technology sector are clearly overcapitalized and they are going to be increasingly forced by investors to make decisions about their cash,
easiest follows recovery simple spending technology
Any technology spending recovery follows a simple principle: things that are easiest to do without come back last,
concerns market rest
Techs are being impacted by the same concerns that the rest of the market is,
happen recovery second stocks technology
Technology stocks were grossly oversold going into this. The recovery in fundamentals won't happen all at once, but it will get under way in the second quarter.
basis history longer possibilities stocks technology valued
Technology stocks that were once valued on a price-to-possibilities basis are now valued as if history no longer matters,
companies delivering few group growth money narrow positive tech tends
You've had a narrow group of tech companies that have been delivering positive and accelerating growth characteristics and money tends to get concentrated in those few companies that are doing that.