They do wireless and cellular. They make semiconductors and they own the set-top box manufacturer, General Instrument. Broadband is going to be coming into your home via either a cable box or a wireless box. I just think they have it covered her and the fact is they reported their earnings and a little margin squeeze at the time when technology stocks were crashing.
More Quotes from Scott Bleier:
The market is acting like we were just coming out of a recession, ... It's about as tough and confusing on a day-to-day basis because of all this rotation. The market is looking past the (economic) slowdown, past the (presidential) election and out to theScott Bleier
Over the past couple of weeks, the move higher in the stock market has been supported by a few big-cap stocks. This is a repeat of the 'Nifty Fifty' in the '70s. While the averages have hit new highs, the bulk of the stocks is moving lower.
Scott Bleier
A buy-the-dip mentality remains very strong in the minds of the market. Technology stocks are where all the action is, where all the volatility resides, where all the big gains come into play. These are the darlings of the market.
Scott Bleier
No one likes to lose money in technology, ... We marginally broke 3,500 and everybody has been looking for a giant capitulation day. We may not get that but this is a market that is healing.
Scott Bleier
Everybody on Wall Street knew how ridiculous the month of February was, but we still had to be in it, ... We asked ourselves, 'Are these things justified by any measure of valuation' The answer is, unequivocally 'No.' But you have to participate in order to make money for your clients.
Scott Bleier
The correction looks scary, scarier than anything we've ever seen. But it is in direct proportion to the move up. There will continue to be momentum-oriented moves, but for the most part, I think that Nasdaq is in the process of digesting incredible gains and hammering out a consolidation range.
Scott Bleier
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Charm is a product of the unexpected.
Jose Marti
They managed to find time... to tell me that there was no chance of my being accepted for service and that really I should be surprised to still be alive.
C. S. Forester
The fabric of existence weaves itself whole.
Charles Ives