Barron's Eric Savitz contends the time to nibble on downtrodden tech shares is now, provided you have a long-term outlook and can stomach potential gut-wrenching gyrations in the meantime. * Oracle (ORCL) fell short last week, but will stay afloat because of its "huge base of recurring maintenance revenue... more overseas revenue than many other enterprise-software companies... it should benefit as IT departments move to reduce the number of vendors they do business with." * Google (GOOG) has been bashed as consecutive monthly comScore data show shockingly weak paid clickthrough growth. Even so, conservative look-forward estimates of 2009 growth (25%) mean shares, at 25x 2009 earnings, trade for one-times its growth rate. http://seekingalpha.com/article/70442-time-to-nibble-on-tech-barron-s ...provided you have a long-term outlook and can stomach potential gut-wrenching gyrations in the meantime....Ha, ha, ha...
I honestly put Barron's in the same league as Jim Cramer. It might as well be CNBC on shiny, glossy paper.