Nobody has been willing to stick their neck out about when we'll see a tech recovery and there's no reason to think that Microsoft, with its conservative bias, would be any different.

I don't think we are going to see a big downdraft here. It's going to be a more selective market. It's been very easy, frankly, in technology over the past seven or eight months since the market bottomed in October.

I think to a certain extent it's a bounce. These stocks have been down quite a bit.

Surprisingly I'm actually starting to pick at that area for the first time in a long time,

We knew it was going to be a rocky opening after yesterday's earnings reports but I think it was a very encouraging day. Valuations are reasonable but the fundamentals are going to get better.

It may have gone a little too far, too fast,