Malkiel

JP Morgan Expects A Selloff In Semiconductor Sector

Agreed with article and Crossprofit, except that I'm dubious about a big second-half for tech this year--maybe next year. There are a lot of catalysts building but not in play yet; Apple will capture pc desktop share from Windows providers, but it will be a slow process; INTC and AMD will quickly leapfrog to quad- and other advanced chip configs, but software writers will be slow on the uptake; convergence of computer and net with tv space is still missing some pieces, but not by much; music industry, radio, and sat radio are all confused about how to play the game. Good buys made this spring are more likely IMHO to see fruition in 08...