Quotations
Famous Quotations
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Michael Davies Quotes
«Everything is overshadowed by geopolitical events. Tech stocks appear resilient in their financial performance, yet we're struggling to attain that in the stock performance.»
Author: Michael Davies
«I think we have some traction here. Businesses, once we get through this, will come back on board and we'll see some solid growth.»
Author: Michael Davies
«The last thing I'm going to do is run around town trying to tell anybody that darts is going to be the next poker, ... but darts had a lot to recommend it to American television. It fits into that intersection of American popular culture and sports and regular life, which poker has readily occupied. So there are some similarities.»
Author: Michael Davies
«It appears, given Intel's guidance lower, that things are significantly slower now than we saw in the fourth quarter coming into December, ... Things are a little weaker than they were.»
Author: Michael Davies
«I'm not sure we're that oversold right now, given that P/E ratios are still high relative to what we perceived the forward-looking earnings to be, ... When we go through the next month and we start to see the first quarter results, I think the expectations are going to come down. With that, it's going to be difficult to sustain much higher growth unless we get some greater visibility.»
Author: Michael Davies
«This will be the first real evidence of how the tech sector is doing after the Iraq war.»
Author: Michael Davies
«We don't have any concrete fundamentals to give the market direction, ... I thought that the war being over would translate into corporate IT purchasing, but that hasn't happened.»
Author: Michael Davies
«We've gotten ahead of ourselves for a couple of months now, ... Right now people are on hold because some of these valuations do look a little high. I think people are just waiting for further confirmation that things are going to spill out into the earnings field.»
Author: Michael Davies
«It's a mixed picture, ... If they cut it by a quarter point, that might be good. Anything greater than that, I think people will take a step back and say, Maybe [the Fed sees] something we don't, that the economy's a lot weaker than we originally thought. That will start to put pressure on to tech stocks in general.»
Author: Michael Davies
«We need more ingredients, ... Most of the technology companies have demonstrated improving margins and sequential revenue growth. The foundation is setting up for a recovery, but the market has come pretty far in a short period of time. We need some more conviction coming into August. I think we're going to trade sideways for the near term.»
Author: Michael Davies