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Fort Pitt Capital Group senior analyst Kim Caughey Forrest on H-P’s Autonomy deal and the future of NASDAQ.
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All right our next guest says she too had questions about Hewlett-Packard's ten billion dollar autonomy deal.
From -- Starr joining us now Kim -- vice president senior analyst at fort Pitt capital group.
You know can't -- -- here actually today because you to -- these valuations did an -- out.
Well when you look at what they delivered as a product which is making.
Unstructured.
That text searchable within a whole company a very important I DNA you know be able to manage your data -- Knowledge assets I was looking at this and I just couldn't get my head around why people would pay for this.
Because it's not a quick project it's not high RR OY.
And that's what businesses have been doing the last couple years and and I just couldn't get the growth for this.
There's a company that was very similar that was -- are private and based here in Pittsburgh.
And their growth was kind of slow and I just couldn't think these two have stopped and now we know -- there wasn't -- growth.
Yet there you go you're dead on that let's -- picture now let's talk about the NASDAQ in general.
And -- it's getting it it's really getting kicked basically since around September 19.
Kind of corresponds with Apple's demise -- six down 8% -- count 20% everywhere we go from.
Here.
Well I think we're gonna bounce around somewhere between thirteen 151450.
And it's gonna be driven on news of the day.
-- and we welcome this morning I'm sure we didn't now HP within an don't have this our economy fried.
That SAC news you know and nobody other then you know I -- some kind of prosecutor knew that was gonna happen.
But more than that we're looking to China further news about growth from that from that country as well as Europe all of their troubles and then again the fiscal -- So we have a lot of news that we think are gonna drive the markets but not necessarily be meaning meaningful fundamental.
Issues.
They know he's still like Telecom.
You -- -- times -- Telecom in your portfolio the in the at their instantly they give -- -- dividend though are you still eleven dividends.
-- dividends I don't really care at this point right -- because -- money and what it's -- -- that's kind of secondary.
And especially if you have this is going into -- 401K account.
You really don't care at this point so it's just money and so that's -- It's a good point and you still like Intel as well even with Paul Otellini leaving and quickly as whenever -- Boeing and Honeywell -- future in the industrial base.
You are your own it was as well.
We are and we're thinking that the emerging markets the next three to five years -- still gonna have more people in the middle class and -- middle class people are gonna fly wanna fly.
And see places beyond where they live now.
Comparison wish we had more time with YouTube makes -- thanks so much it's embarrassing at fort Pitt capital group.
