Instead of generating cash, they're burning cash. We are not jumping into Internet stocks at these valuations. I think the Internet sector is going to continue to sink.
More Quotes from Paul Wick:
You'll see a lot of stocks take it on the chin. It's happening to dozens of Internet companies.Paul Wick
I'm quite optimistic that the year is going to be a good one and a strong rebound year on the heels of a number of Fed rate cuts. With the Internet bubble bursting, you're not going to have the daily crazy moves we had.
Paul Wick
Everyone knows Microsoft is the best company in America. Yes, it's expensive. But the earnings are always highly understated and they're generating billions and billions of dollars in free cash flow.
Paul Wick
The chip industry is on fire now. It looks pretty apparent we're in the early stages of an upturn in the entire semiconductor industry.
Paul Wick
They are among the three most profitable software companies in the high tech industry.
Paul Wick
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