David Powers
David Powers
David Francis Powers was Special Assistant and assistant Appointments Secretary to President of the United States John F. Kennedy. Powers served as Museum Curator of the John F. Kennedy Library and Museum from 1964 until his retirement in May 1994. Powers was a military veteran who had served in the U.S. Army Air Corps during World War II from 1942 to 1945. Powers was also a very close, personal friend of John F. Kennedy...
NationalityAmerican
ProfessionPolitician
Date of Birth25 April 1912
CountryUnited States of America
It won't be easy, especially considering we have not attended all National events this season, but regardless our goal is set, the team is determined and we are going to give it all we have to finish in the Top 10. As everyone knows in this sport, anything is possible.
If you look at Motorola over the past couple of years, they've really spent the bulk of their time downsizing, ... But now . . . they really like to focus more on the growth aspect of the equation, and if you look at one of the fastest growing markets in technology, it's certainly broadband access.
It's a negative for companies that will incorporate the product into their workstations and servers. New product cycles are the lifeblood of the technology industry.
Microsoft had a big part in yesterday's Nasdaq decline, ... But I think the bigger picture is really that we saw a massive flight to quality, and that was illustrated by the performance of the Dow versus that of the Nasdaq. We saw money being shifted out of the more speculative names, and into the more established companies that have proven track records.
There's no real clear conviction in this market. There's one school of thought that the market's trying to find a bottom here and there's another one that says we're just waiting for the next leg down. I personally believe that we're going to trade sideways here for a while. I think there's really no catalyst either way to drive the market much higher in the near term or for that matter on the down side as well,
I think, first of all, the semiconductor sector had been oversold. This was one area, the technology market that just did not perform well over the past few months. There is a lot of concern with investors whether or not this current upturn in the semiconductor industry has peaked. There is a huge debate going on whether or not we still have any growth left. And, our view has also been that, yes, we believe this is more of a seasonal slowdown than any prolonged downturn for the industry. So we think there is some legs left in the semiconductor cycle. And as a result, we would be a buyer of some of these stocks.
Motorola finally has the wind behind their back, ... The semiconductor industry is in the early stages of a recovery. We're really seeing the profitability of Motorola start to improve. We think that will continue over the next two quarters and during the second half of the year as well.