Technology stocks have been on a run this week. Google, Cisco, Rambus and Hewlett Packard all advanced as tech companies converged on Las Vegas to show their stuff at the Consumer Electronics Show. Corporate America is ready for upgrades and preliminary sales numbers look strong. With many tech companies being beaten down over the past five years, valuations are more in line with Wall Street’s liking. Today Circuit City announced increased revenues from flat panel TV sales and Motorola will be introducing cell phones with a web-enabled Google search.
The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.