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Good Jobs Data Will Stabilize Tech

By Jim Cramer

 About this article:
 The impact of this employment number, a robust one, should be best felt in technology -- and we need it. We had a real rocking of tech last night off the Xilinx and National Semi numbers, coupled with the cautionary Corning update about big-screen televisions. You can't get a more widespread collection of data than from those three. They cover everything from big-screen TVs to electronic gadgets and cell phones to telco equipment. If we had been given a weak employment number, unquestionably tech would lead us down today. Instead, I believe people will look for reasons to isolate these particular tech stories as an issue and focus on winning tech, notably Hewlett-Packard ahead of what I think will be a robust analyst day. The truth is, of course, that Xilinx has been incredibly inconsistent, that Corning may no longer be as good a barometer as it was...

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