Adam Adelman
Adam Adelman
companies negative positive tech
This is a short-term positive for some tech companies but it's a longer-term negative for the U.S. economy.
biggest capital occurs recovery spending
A quicker-than-expected recovery in capital expenditure spending will probably be the biggest catalyst, if one occurs at all.
business hardware margin move
Anything HP can do to move away from the eroding margin business of hardware would make sense.
capacity demand finally flash gateway memory pcs pricing seems spite starting
In spite of the Gateway announcement, there seems to be some firming in demand for PCs and flash memory. Pricing is starting to improve. And for IT services, capacity utilization is finally starting to improve.
cash fake impossible investors problems statement
Investors are having problems with reliability and the problem is that it's not impossible to fake a statement of cash flows.
change company expect happen investor patience time turn
Investor patience is not too long these days. For a company like Motorola, I don't think you can expect change to happen in one to two quarters. It will take a long time to turn it around.
argument evidence information recovery support
I don't think there's enough evidence to support the argument that there is a recovery in information technology.
company earnings last management quarter revise team three within
I don't see how the company can have that kind of visibility, especially with a management team that had to revise earnings three times within one quarter last year. They don't have credibility.
advantage decline dollar events gains revenue since tremendous
There's a tremendous translation advantage for techs that get a lot of revenue overseas, but you have to look at these gains as one-time events since the dollar can't decline forever.
arms bottom encouragement good incentive likely market might news offers overly positive since spending wrap
The market will take any good news it can wrap its arms around so if Dell offers some encouragement that might mark a short-term bottom for tech. But it has to say some positive things about the spending environment, which isn't likely since there is no incentive to be overly optimistic.
beat companies confirm earnings news optimism round
It'll take another round of earnings to confirm some of the optimism that's been going around. And I don't know that I would say all the news was necessarily good. A lot of companies beat much-lowered expectations and didn't necessarily have rosy outlooks.
bit blue chip companies names punished tech
A lot of these speculative names have rallied more than blue chip tech companies only because they were punished a bit too much on the downside.
bit momentum seems sentiment trading
Right now techs are trading a lot on short-term sentiment and momentum and it seems like valuations are getting a little bit stretched. We're probably approaching a short-term top.