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High Online Video Ads Rates May Drop   Apple's Fall a Wake-Up Call for Tech
Sep 29 2008 3:01PM EDT

Not Even Tech Is Safe

Blaise Zerega says mind the gap. Even as Apple shares take a pounding from revised analyst and flat consumer spending reports, I'd like to argue that tech leviathans like Microsoft, Cisco, and Intel are safe places for investors to park their money -- just not today.

The Nasdaq is down and tech stocks are being beaten back nearly 7 percent.

But, come tomorrow? Then, I would argue that tech bellwethers become attractive again. Especially cash-rich Microsoft with its previously announced plan to buy-back stock.

And Cisco? It wouldn't be the first time that market conditions have helped CEO John Chambers make acquisitions.

But for now, step back and mind the gap.


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