Date updated:04-10-2008
When people say "tech" on TV, it is almost always followed with "cheap," or "low valuation." To which I say, "So what?" I want to be careful of this group. The negative pin action could be swift and there is no great secular trend, like food shortage or oil or ethanol or Chinese building to keep things rolling along.

-
AMD
Adv Micro Devices - $6.95
- -0.71%
- $7.01
AMD (AMD) looked cheap until last night.

-
MOT
Motorola Inc - $8.19
- -1.33%
- $8.34
Motorola (MOT) looked cheap and there turned out to be no there there

-
CSCO
Cisco Systems - $23.74
- -0.67%
- $23.79
Cisco (CSCO) looks cheap but all I hear are earnings cuts.

-
DELL
Dell Inc. - $14.32
- -3.18%
- $14.59
Dell (DELL) looks cheap, but who cares?

-
CRM
Salesforce.com In - $65.44
- +1.46%
- $65.09
Shorts? Stronger growth in the second half? No, the only catalysts I look for in tech are product cycles, and other than Salesforce.com (CRM) (nice move there), Research In Motion (RIMM) and maybe Apple (AAPL), because we need a new phone there already, there are no new product cycles to speak of.

-
RIMM
Research In Motio - $59.53
- -0.78%
- $59.86
Shorts? Stronger growth in the second half? No, the only catalysts I look for in tech are product cycles, and other than Salesforce.com (CRM) (nice move there), Research In Motion (RIMM) and maybe Apple (AAPL), because we need a new phone there already, there are no new product cycles to speak of.

-
AAPL
Apple Inc. - $204.44
- -0.70%
- $205.21
Shorts? Stronger growth in the second half? No, the only catalysts I look for in tech are product cycles, and other than Salesforce.com (CRM) (nice move there), Research In Motion (RIMM) and maybe Apple (AAPL), because we need a new phone there already, there are no new product cycles to speak of.

-
MSFT
Microsoft Corpora - $29.91
- -0.10%
- $29.94
When that happens, you get a chain reaction when the market turns bad. Suddenly you have Microsoft (MSFT) thinking about overpaying, at least that will be the scuttlebutt.
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