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Tech stock's taking a beating

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Tech stock's taking a beating Empty Tech stock's taking a beating

Post by truthbetold Wed Oct 26, 2011 7:39 pm

HP closes Tablet business overnight. Next CEO booted out.
Then Cisco cries uncle and points to economy.
Nflx self destructs with stupid fee increases and corporate structure change moves.
Apple misses analyst numbers after many many quarters.
AMZN explains that it could not sustain net income due to huge long term investments.

Tech stocks at one point were appearing to beat economic blues. Now they could not compete with people's huge expectations.

In the above group, my two cents is APPL is still intact. It has products and market to continue its dominance and financial performance. AMZN raised questions on future income generation. It's still king in online business but can it make (enough) money? Likely sales tax in near future could further hurt AMZN. Kindle Fire is AMZN's hope to light fire under its finances.

In any case, Europe may extinguish all fires and live us in cold.


truthbetold

Posts : 6799
Join date : 2011-06-07

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