I would be very surprised to see this spill over for a prolonged period of time.
More Quotes from Andrew Barrett:
I think that until we get further indication, probably in the next Fed meeting, of where the Fed is in terms of raising rates, that the market's going to stay in a range. After we get that, the fundamentals behind tech are so fantastic, that it's going to yield some support for the second half of the year.Andrew Barrett
The demand for all of the networking gear and Internet infrastructure equipment is running way ahead of expectations. These companies cannot produce enough product to meet the demand, and that's their biggest challenge right now. Demand for the Internet data traffic is still growing around 300 percent per year. The Internet is still doubling in size every 98 days. All of these things that had shaken investor confidence over the last several months is a non-event. The fundamental business line is 100 percent intact.
Andrew Barrett
Lycos would provide 60 percent of the revenue and is only getting 40 percent of the combined company. We are advising our clients to take profits.
Andrew Barrett
This is going to be a bad day, but I'd be very surprised to see the spillover for a long period of time,
Andrew Barrett
The fundamental picture is still strong. No one has said technology is dead.
Andrew Barrett
You'll see some strong buying, as people realize they have sold stocks with (very high growth rates).
Andrew Barrett
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