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Tech Can't Provide Leadership

By Jim Cramer

 About this article:
 Choppy here. Why not? We lived off the semiconductor story with Analog Devices for a week, but we haven't had any new information in tech. We have Oracle doing another deal as its stock slips, and I think the negative from Oracle will overshadow the excitement from Hyperion. We have an in-line quarter from Ciena and more sloppiness from Nortel. Tech just can't provide any leadership here. I think that may be the crucial problem in this market. We seem to have lost Hewlett-Packard right now. We are not getting the pop we should have from good news or upgrades: Witness the muted reaction to BEA Systems, Sun and Brocade upgrades. Dell won't save us. I am not seeing a big turn in cell phones, and I have little conviction on PCs. What's really going on here? I think it is the recognition that, a month late, we are focused on the negative effect...

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