The demand for all of the networking gear and Internet infrastructure equipment is running way ahead of expectations. These companies cannot produce enough product to meet the demand, and that's their biggest challenge right now. Demand for the Internet data traffic is still growing around 300 percent per year. The Internet is still doubling in size every 98 days. All of these things that had shaken investor confidence over the last several months is a non-event. The fundamental business line is 100 percent intact.
More Quotes from Andrew Barrett:
I think that until we get further indication, probably in the next Fed meeting, of where the Fed is in terms of raising rates, that the market's going to stay in a range. After we get that, the fundamentals behind tech are so fantastic, that it's going to yield some support for the second half of the year.Andrew Barrett
Window dressing is out they are furnishing the entire house. Everyone wants to own the best performing stocks over the last quarter.
Andrew Barrett
Excellent acquisitions, ... Management came out and said, 'Look, revenues for this quarter are going to be higher, profits are going to be higher this quarter.' The fundamentals are very strong. To us, they look great. So I think the stock is poised to do well.
Andrew Barrett
This is going to be a bad day, but I'd be very surprised to see the spillover for a long period of time,
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Lycos needs to be bought because other suitors will have to pay a higher premium,
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
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