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Tech's Lagging, but the Group Has Grit

By Jim Cramer

 About this article:
 As usual, tech is the Achilles' heel of this market. Tech Data is an excellent barometer for tech spending, and boy is it ever sinking. Hewlett-Packard had already strutted its stuff, so a second go-round doesn't mean much. Handsets are weak, so nothing doing there for Motorola or Qualcomm . Apple's already ramped. That said, we know this group has about a hundred lives. I think Cisco's gotten back to being "cheap" although it's lacking in catalysts. The semiconductors don't have much going for them, but I like the split up of AMD to produce a profit for next year. I don't like buying Google up this high, and I don't trust the numbers. But on weakness, there's value there if you see a turn in 2009 in advertising. And finally, Research In Motion ? Oh, come on, the orders...

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