Valuations remain a little stretched, and we could see some further weakness into the early part of the year.
More Quotes from Adam Adelman:
Juniper, Foundry and Extreme will carve out a little niche for themselves, but their long-term growth potential is restricted by Cisco.Adam Adelman
We'll probably trend a little bit lower in the next couple of weeks. A lot of the gains have been on positive comments made by companies like Dell and IBM, but I think a lot of this reflects market-share shifts rather than a recovery in the overall market.
Adam Adelman
Optimism in the numbers will be a roadblock for further gains. The upside in tech is limited.
Adam Adelman
People might be delaying some purchasing decisions and in the short-term, that's considered a negative.
Adam Adelman
Investor patience is not too long these days. For a company like Motorola, I don't think you can expect change to happen in one to two quarters. It will take a long time to turn it around.
Adam Adelman
There could be a bit of the January effect. Some end-of-the-year profit taking is creating buying opportunities.
Adam Adelman
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