Kate Warne Tech Quotations

I expected today was going to be pretty choppy, ... We were again seeing a real conflict within the tech sector between people who believe values are low enough to buy and people still concerned about (possible) announcements of slowing growth, that the economy was coming in for a hard landing and nothing but bad news would be coming out.

We finally saw a rebound. We finally saw some buying again. We didn't see any real bad news, there is no downgrade of any tech stocks so I think the market finally didn't have anything negative.

A Combination of Nokia saying it wouldn't do well in the third quarter, which seemed to hit all of the tech sector, the end of the Nortel Corning talks, and I think the market overall got nervous about what might happen in the future.

It was basically not a good day for the tech stocks in general and that's the main reason why we saw the 144-point drop.

At the same time people are now focused on May 16 -- and is that bad news for tech stocks?