I don't think it's inappropriate for Amazon or eBay to have higher valuations than other retailers, but it seems like those companies' valuations are a little stretched right now.
More Quotes from Adam Adelman:
A lot of these speculative names have rallied more than blue chip tech companies only because they were punished a bit too much on the downside.Adam Adelman
The market will take any good news it can wrap its arms around so if Dell offers some encouragement that might mark a short-term bottom for tech. But it has to say some positive things about the spending environment, which isn't likely since there is no incentive to be overly optimistic.
Adam Adelman
When you consider alternatives such as Linux, arguments in favor of Windows are not as appealing. This worm was basically an exercise to show off the flaws in Microsoft security and Microsoft didn't fare too well.
Adam Adelman
It'll take another round of earnings to confirm some of the optimism that's been going around. And I don't know that I would say all the news was necessarily good. A lot of companies beat much-lowered expectations and didn't necessarily have rosy outlooks.
Adam Adelman
Valuations remain a little stretched, and we could see some further weakness into the early part of the year.
Adam Adelman
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