Quotes by Adam Adelman

“Investors are having problems with reliability and the problem is that its not impossible to fake a statement of cash flows.”

“I dont see how the company can have that kind of visibility, especially with a management team that had to revise earnings three times within one quarter last year. They dont have credibility.”

“Software companies have sold off aggressively but some information technology managers have indicated a willingness to spend in that area.”

“I dont think theres enough evidence to support the argument that there is a recovery in information technology.”

“Potential customers have more faith and confidence in the financial health of IBM.”

“Well probably trend a little bit lower [in the next couple of weeks]. A lot of the gains have been on positive comments made by companies like Dell and IBM, but I think a lot of this reflects market-share shifts rather than a recovery in the overall market.”

“I dont really see [todays bad corporate news] as significant fundamental factors, I see it more as an excuse for short-term profit-taking. The correction weve seen is very small relative to the rally weve seen in the last few weeks.”

“In spite of the Gateway announcement, there seems to be some firming in demand for PCs and flash memory. Pricing is starting to improve. And for IT services, capacity utilization is finally starting to improve.”

“Valuations remain a little stretched, and we could see some further weakness into the early part of the year.”

“A quicker-than-expected recovery in capital expenditure spending will probably be the biggest catalyst, if one occurs at all.”