This is going to be a bad day, but I'd be very surprised to see the spillover for a long period of time,
More Quotes from 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
Internet companies tend to do extremely well during earnings season because most of them aren't earnings stories yet,
Andrew Barrett
Institutions and the smart money out there has been owning a lot of these higher PE stocks, to participate in the good earnings, and they've been getting the good earnings. But the problem is that the stocks haven't been running up into those earnings. So they're not getting paid for that higher PE risk.
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We need to get a lot more maturity in that space, and right now the Web infrastructure players have more sustainable, more realistic business models, and that's where investors are flocking to,
Andrew Barrett
The problems are really isolated to the consumer end of the PC market in Europe, and that's being reflected in Dell and Gateway, ... We downgraded Intel this morning, but the stock's fall has factored in most of the revenue shortfall.
Andrew Barrett
The fundamental picture is still strong. No one has said technology is dead.
Andrew Barrett
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