Andrew Barrett Quotations

We ran the numbers, and that was it, ... Consumer advocates would scream, but it wouldn't serve anyone if Commonwealth Edison went bankrupt.

Lycos would provide 60 percent of the revenue and is only getting 40 percent of the combined company, ... We are advising our clients to take profits.

Sixty-one percent is tremendous top-line growth for Cisco. It shows that Cisco's growth rate is going to fall in line with what other industry players, such as Nortel, are reporting.

Sixty-one percent is tremendous top-line growth for Cisco, ... It shows that Cisco's growth rate is going to fall in line with what other industry players, such as Nortel, are reporting.

Most of what brought the Nasdaq back is earnings.

Next week is going to be more normal, when we get back to the real matter at hand, which is earnings.

I would be very surprised to see this spill over for a prolonged period of time.

What you're seeing is these old leaders, which don't have much more downside, come back in favor.

Greenspan is raising rates, and he is targeting the consumer. This is a natural reflection of what is happening out there.

I think investors should be focused on several key areas, because at the end of the day you really want to be focused on earnings momentum,

I think that the PC, the PC peripheral, and the semiconductor space is in a pretty big slowdown period right now, and I don't see this abating anytime before the summertime. Maybe the PC market picks up a little bit in the second quarter, but really you are looking at summer before it starts to come back.

I think that until we get further indication, probably in the next Fed meeting, of where the Fed is in terms of raising rates, that the market's going to stay in a range. After we get that, the fundamentals behind tech are so fantastic, that it's going to yield some support for the second half of the year.

Over the very near term, because of the shaky economic data, the entire tech sector is still in a tug-of-war.

I think I would stay with it, ... It's been a fairly good component in consumer products: cell phones, PCs, all the way across the board. They're very diversified, and if consumer products sell well during the holidays, National will see the results.

Well, as long as they're able to keep the pricing environment, ... If they can keep a moderate pricing environment in this competitive landscape that they're in, they can get that stock probably back up to 55, maybe even up to 60.

You'll see some strong buying, as people realize they have sold stocks with (very high growth rates).

Window dressing is out; they are furnishing the entire house. Everyone wants to own the best performing stocks over the last quarter.

The problems are really isolated to the consumer end of the PC market in Europe, and that's being reflected in Dell and Gateway. We downgraded Intel this morning, but the stock's fall has factored in most of the revenue shortfall.

The demand for all of the networking gear and Internet infrastructure equipment is running way ahead of expectations. These companies cannot produce enough product to meet the demand, and that's their biggest challenge right now. Demand for the Internet data traffic is still growing around 300 percent per year. The Internet is still doubling in size every 98 days. All of these things that had shaken investor confidence over the last several months is a non-event. The fundamental business line is 100 percent intact.

The day traders that got killed will eventually return.

People who go to jail breed people who go to jail.

Far as I know, Legal Aid was invented to help poor people fight wrongs; [the criminals] are abusing the system, and the damned lawyers help them do it. They're all sticking two fingers up at them who pay their taxes. And I'll tell you sommat for free, Sir George, them who pays the taxes are eventually going to get fed up of it.

Lycos needs to be bought because other suitors will have to pay a higher premium

It's called the Santa Claus effect; the holiday period is traditionally a strong cycle.

When EMC was down in the mid 90s last week, that's a screaming buy.

What leads the charge is the generals, not the infantry.

We need to get a lot more maturity in that space, and right now the Web infrastructure players have more sustainable, more realistic business models, and that's where investors are flocking to,

We can not ignore that there are price pressures in the PC, that is sort of a foregone conclusion, everybody has been seeing it.

It would show the Fed is ahead of the curve on inflation.

Right now there are just too many cross currents out there to make people feel confident enough and start buying on this value.

This is going to be a bad day, but I'd be very surprised to see the spillover for a long period of time,

As we wrote today, it's always darkest before dawn. I think most of the selling is probably overdone.

It looks like it's going to continue going forward, ... We'll be looking at Nasdaq 5000 before we know it.

It looks to us like you're starting to get that bottoming phase,

It's going to take a turnaround in the earnings picture, ... I think the upside begins when we get our next rate cut.

It's called the Santa Claus effect, ... The holiday period is traditionally a strong cycle.

Excellent acquisitions, ... Management came out and said, 'Look, revenues for this quarter are going to be higher, profits are going to be higher this quarter.' The fundamentals are very strong. To us, they look great. So I think the stock is poised to do well.

The chips that are going into these kind of equipment are absolutely phenomenal. These guys are seeing their lead times extend. They're seeing pricing starting to firm. And again, just like everybody else, their biggest issues is capacity. They're having to build out every single month and it's going to be a pretty amazing run.

Institutions and the smart money out there has been owning a lot of these higher P/E stocks, to participate in the good earnings, and they've been getting the good earnings. But the problem is that the stocks haven't been running up into those earnings. So they're not getting paid for that higher P/E risk.

Internet companies tend to do extremely well during earnings season because most of them aren't earnings stories yet,

If you think about what has really led the Nasdaq for the past six months, ... the answer has been exceptional growth rates. If you're a company with these phenomenal growth rates, your stock has gone to the moon; if you actually make money, you've languished. That's been a reversal, and that is good for right now. So if you look at areas such as semiconductors, enterprise hardware, software and wireless I think these types of companies are all going to all deliver strong earnings.

For (the fourth) quarter, there's just nothing to get excited about. Now, the question is: Where do the companies see things going?

The fundamental picture is still strong. No one has said technology is dead.

The Internet, ... is the place to be, especially on the retail side in the fourth quarter.