The PC business isn't going away. It has become more competitive. But International Rectifier is positioned beautifully, with power chips for the laptop marketplace, which is a strong area. It is depressed like all the others in semi, so I'd want to own it.
More Quotes from Joseph Battipaglia:
I don't see them getting much worse than 6-14 percent on the long end, ... The overall bond market is not completely convinced that we're going to see meaningful higher interest rates. Something is going to give here, and my sense is that the Fed is not going beyond this second cut.Joseph Battipaglia
We're at a point where there is some rotation, but I believe it's a very positive development because you're getting broader participation on the economically sensitive sector because, the fear of recession is going away and the deflation fear is gone, ... Business Day.
Joseph Battipaglia
The positive tone has more to do with the economic data that showed some signs of life in the economy. We've got through the Enron debacle and some selling that represented investors looking to lock in profits earlier on, ... Now we're starting to get a serious picture of what next year looks like, and it's probably the first serious step toward an upward move in the market.
Joseph Battipaglia
I'd say we're doing very well, all things considered, ... Clearly, there is more money available out there, when even sectors that are fairly stretched, like tech and banks, are doing well today.
Joseph Battipaglia
The devil's in the details. The key deadline for Iraq is Dec. 8, when it will have to come clean about what they have by means of weapons of mass destruction. It remains to be seen whether the United States and the U.N. are satisfied with those explanations.
Joseph Battipaglia
The bond market still believes that the Fed is an inflation fighter, the bond market still believes that there really isn't inflation today, and they applaud the moves by the Fed to be ready for future,
Joseph Battipaglia
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