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LATEST TECHNOLOGY VIDEO


Current DateTime: 03:36:30 04 Dec 2008
LinksList Documentid: 19836971
Expiration DateTime: 12/4/2008 3:39:11 PM
    • UK Consumers Seek Discounts 

        UK discount site Myvouchercodes.co.uk is prospering despite the economic downturn. "We provide free discounts for the consumers…The credit crunch just drove traffic through the roof," site owner Mark Pearson said when discussing the UK retail sector.

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        While Wall Street is cutting back, the movie industry is trying to push a pricey new technology - digital 3-D - to a tipping point, reports CNBC's Julia Boorstin.

    • Yahoo's Next Step 

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    • Tech Bull vs. Tech Bear 

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    • Economic Slump Hits Tech Sector 

        The global economic slump is hitting the tech sector, reports CNBC's Jim Goldman. He reports that RIMM is slashing its outlook and Google is preparing for tough times ahead.

By Andrew Fisher | 26 Oct 2007 | 01:48 PM ET
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Where can the traders be found this week? Deep in the heart of techs.

Microsoft's [MSFT  Loading...      ()   ] earnings "absolutely knocked the cover off the ball," OptionMonster.com co-founder Jon Najarian tells CNBC. "What do you do? I think you do get to the sidelines for the short-term, but long-term.. perhaps six months.. I think the stock goes up through 40, and probably is, in the first quarter of this next year, trading in the 42, 44 dollar level."

"Microsoft, Yahoo [YHOO  Loading...      ()   ], all these companies are running on all cylinders right now," says LanczGlobal president Alan Lancz. "The strong stocks that are leading and can differentiate their product, I think there's still room to grow with technology.

But not all technology.

"We plan on reducing out technology overweight.. we started this week with selling companies like ADC Telecommunication [ADCT  Loading...      ()   ]. . . we don't see any really proprietary differential type product there, so I think you're going to have margin erosion," he said.

OptionMonster's Najarian will have his eye on Microsoft for some time. "I would take profits in the short term," he cautions, "and look for a chance to get back in around 33."

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