I think it's the pattern from pre-announcements to earnings these are two companies (Motorola, Yahoo) that have beaten lowered expectations, beating pre-announcements. When you expand that to the Microsoft story, it makes it even more powerful today.
More Quotes from Barry Hyman:
We've been stuck in an extremely narrow band for the last few weeks, and this could break us out.Barry Hyman
It is quite astounding. One week revenue-based companies are forbidden (psychologically) from investors' minds and one week later, as interest rate (fears) return, technology (stock) is the place to be because they are less affected.
Barry Hyman
Nothing is negative out there but there's such little commitment. The tone of the market is that technology still looks lackluster.
Barry Hyman
I think there's a concern about the economy so I think you'll see conciliatory talk (from Fed governors). We seem to rally into Fed meetings so I would expect a slightly upward bias.
Barry Hyman
What will frame investor decision-making in August is going to be totally Fed-driven, ... We've gotten the anecdotal comments from Mr. Greenspan that we can achieve a slower growth landing but we now have to see that anecdotal evidence turn into fact.
Barry Hyman
I think this last quarter proves out that their business model works versus Gateway, versus Compaq, versus other PC box makers,
Barry Hyman
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