5 Reasons to Avoid Tech & 3 Stocks to Short
Michael Shulman, April 22, 2009
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Reason #5: As Goes Intel...
One word: Intel (INTC).
Intel said PC sales have hit bottom. But, in the same breath, they said they had no guidance going forward and no idea when sales would rebound. Then they said they were cutting back -- seriously cutting back -- on capital spending. Not a great endorsement for future growth.
And, as Intel goes, so goes most of tech.
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