Nobody has been willing to stick their neck out about when we'll see a tech recovery and there's no reason to think that Microsoft, with its conservative bias, would be any different.
More Quotes from Marc Klee:
If you look at the dynamics of the business, they're continuing to grow, ... If you start building out the business mode, it's almost a cable company.Marc Klee
This is not the industry it was five years ago. This is a healthy thing.
Marc Klee
Euphoria can only go on for a certain amount of time. Eventually reality wins out.
Marc Klee
I really do believe it's time to buy and that's sort of a change of position for me. We've always felt that we have to test the bottoms that we've seen. We had a bottom April 4, and another a week ago, Friday. What you're seeing today is probably that test, and I really don't think the market is going any lower - I'm defining the market as the Nasdaq.
Marc Klee
Obviously the tech stocks have been hit hard over the last few weeks, but I don't think most people realize that this actual downdraft began in September of 1995, ... These stocks have been getting hit now for 6 consecutive quarters and they have underperformed the market. I think most of its coming to an end.
Marc Klee
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