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Mr. Reinhardt also argued that expectations for the sector had been overblown in recent years, with some investors counting on double-digit growth.
He said the rally in technology has been based on just meeting lowered expectations for the sector in the fourth quarter this year.
But at 5 times prospective 2010 earnings, 40% of book value, 2 times cash flow and 10% of annual revenue, Magma makes sense even for someone with low expectations for the sector.
Similar(57)
"The concern is that the mortgage boom has really distorted expectations for the bank sector's growth".
"You've got healthy expectations for the tech sector," says Pacific Crest Securities analyst Brendan Barnicle.
And Ed Rosenbaum, Lipper's research director, says that the high expectations for the biotech sector in the mid-'80s are finally about to pay off in products.
But there are expectations that the sector will grow.
It is shown that the structure of the interplanetary medium was consistent with expectations for the declining phase of the solar cycle, generally consisting of two IMF sectors and two corotating interaction region compressions during each solar rotation.
We have high expectations for the summer".
What are your expectations for the game?
Expectations for the company were low".
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com