They have great products. They're going to make physical things that people will pay money to buy, that will result in earnings in real dollars.
The Nasdaq just went up too far, too fast. When anything goes up 100 percent in a year, it is too much; it has to pull back. This is a normal correction, and it's a spectacular time to buy these stocks.
It makes a device, a digital sound processor that turns analog voice into numbers which then could be transmitted through fiber-optic cables and cell phones and any device like that. The growth of this is explosive.
Intel, which has a product that is going to be used, has real earnings, has growth, I think Intel will be around in 50 years.
People are so scared that one minute they feel like there's hope and the next minute they panic and sell a bit.
With Cisco saying that its order backlog is growing [there are] good tentative first signs that the future is getting better. But it will still be a slow dribble.
They have to start earning money, and that is the point when you can judge what they are worth. These companies which have lost $100 off their peaks could lose another $100 and they still wouldn't be cheap.
They still have to cut more, frankly.
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