Six of the seven last years, technology stocks have been weak around that time period. June, July has usually been around a bottom.
More Quotes from Andrew Neff:
When we downgraded the PC stocks in September, we were concerned about signs in the weak consumer demand -- which has continued to deteriorate. Now we are seeing signs of this weakness spreading into smallmedium corporate and of aggressive pricing in low-end servers. This weakness is bound to spread.Andrew Neff
We believe Adaptec is not a compelling storage networking story at this point, as we think most of the value of ADPT shares lies in its software business.
Andrew Neff
We upgraded Compaq because we see clear signs of a turnaround beginning to gain traction with good pick-up in business momentum.
Andrew Neff
The extent of Apple's pre-announcement and the laundry list of problems that the company cited lead us to believe that its woes are as much company specific as they are industry related and the demand for products is just not there.
Andrew Neff
Our estimates reflect the strong demand trends for data storage products, increasing acceptance of the Network Attached Storage model, and the company's ability to execute with regard to expanding its market opportunity into new verticals, new applications.
Andrew Neff
Compaq is No. 1 in the retail segment, they're No. 1 in the high end of the business. In the small-business segment, they don't have the same market share they have elsewhere. The key for Compaq is how well they'll execute.
Andrew Neff
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