Cramer's Forget Tech Stocks
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Created by barrons2
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Date updated:07-10-2008

"Tech's not in season. Never has been in the summer. It only rallies when oil goes down -- again, I have said what a silly intersection that is -- and when oil's not going down and the truth about IT spending is focused on, you get what you have today. PAIN! Don't forget, tech is a "sell in May and go away" story. I would continue to stay away." - Jim Cramer

symbol name last price % change open
  • +
  • VMW
    Vmware
  • $36.17
  • +1.80%
  • $35.11

he stunning declines in Cisco (CSCO) and VMware (VMW) and its parent EMC (EMC) remind us that we have been whistling past the tech graveyard for a very long time

People owning VMW also tend to own: DIMINTCXOMAAPLADMASEIBAC

TheStreet.com Rating: No Rating What is this?

  • +
  • EMC
    E M C Cp
  • $14.04
  • +0.72%
  • $13.85

he stunning declines in Cisco (CSCO) and VMware (VMW) and its parent EMC (EMC) remind us that we have been whistling past the tech graveyard for a very long time

People owning EMC also tend to own: AAPLAMTAMZNATHRBEASCTSHGOOG

TheStreet.com Rating: B- What is this?

  • +
  • STX
    Seagate Technolog
  • $14.73
  • -0.07%
  • $14.80

Think about it --Seagate (STX) at a new low

People owning STX also tend to own: AHMAIZALBAMPAVTAXCABBI

TheStreet.com Rating: C What is this?

  • +
  • ORCL
    Oracle Corp
  • $20.07
  • +0.70%
  • $19.71

Incredible pain in Oracle (ORCL) after that quarter.

People owning ORCL also tend to own: AAPLAMDCSCODELLGOOGIBMINTC

TheStreet.com Rating: A What is this?

  • +
  • NVDA
    Nvidia Corp
  • $11.67
  • +1.48%
  • $11.40

Nvidia (NVDA) on a real blowup.

People owning NVDA also tend to own: AAPLAMTAMZNATHRBEASCTSHEMC

TheStreet.com Rating: C What is this?

  • +
  • CSCO
    Cisco Sys Inc
  • $22.26
  • -0.09%
  • $22.09

I find the whole round trip that Cisco made after its lukewarm quarter to be astounding. Here's a company that reported a so-so quarter and so-so outlook and immediately plunged to $23 from the mid-$20s, then rallied to $27 and change on sentiment that the market was too negative on the networker, and now it comes more than full circle to $21 on fears of declining IT spending.

People owning CSCO also tend to own: AAPLAMDDELLGOOGIBMINTCMSFT

TheStreet.com Rating: B- What is this?

  • +
  • HPQ
    Hewlett Packard C
  • $44.96
  • +1.12%
  • $44.11

You can't blame the fears, VMware's fall from grace has its roots in declining IT spending. So does the drip-drop decline in Hewlett-Packard (HPQ), although I think that's an opportunity.

People owning HPQ also tend to own: ACASCLPMRKPHISHFLVZAA

TheStreet.com Rating: B What is this?

  • +
  • FLS
    Flowserve Cp
  • $113.65
  • -0.19%
  • $112.38

I want to reiterate that there is nothing really exciting about tech -- hence my focus on new tech, companies like Flowserve (FLS) and Robbins & Myers (RBN).

People owning FLS also tend to own: AGZ.BECBIIEXITTLAYNMILNLC

TheStreet.com Rating: A+ What is this?

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