141 Quotes by Kate Warne
- Author Kate Warne
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The lessons from Tuesday were pretty much forgotten,
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The main reason that we're up is that Nortel's weighting was being increased in the S&P 500, so what we were really seeing is the Nortel rally ... and it pulled BCE along. Without that, it would have been a flat day.
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I think the sentiment has not entirely shifted away from the belief that technology will continue to do well. But the believers are getting more and more worried about their beliefs.
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I think we're going to see a lot of volatility as the market tries to sort out where the new leadership will come from.
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This is a commodities business, so the companies that do it best are the ones that do it more efficiently.
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I think the underlying sentiment has actually been relatively positive even though we've seen technology shares drop over the last week and drop significantly.
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People are worried where additional supply will come from.
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I think there was a shock reaction (at first) and then people said 'Is this very worse than we thought it was going to be?' And the answer was no. Yes, it was a down day but it wasn't very much of a down day, ... I think the sentiment is cautious but not as worried as would be expected.
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The Cisco announcement that their revenue might slow due to shortage of parts meant, therefore, Nortel was down because it's competing in the same market. I think that was the big negative.
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