Oracle Corporation (ORCL), International Business Machines Corp. (IBM): Is Buying After a Tech Company Warns a Good Tactic?

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The bottom line

In conclusion, all three companies saw what looks like some temporary weakening caused by hesitation among customers rather than a reduction in overall spending plans. Although they all had their own reasons for disappointing, there was a common theme. All three saw their pipelines intact but customers exhibiting caution in their spending decisions. If this dissipates in future quarters (and it may do so after the media stops talking about the sequester) then buying these names, and others within technology, will prove to be a wise choice.

Lee Samaha has positions in IBM and Citrix Systems. The Motley Fool owns shares of International Business Machines. and Oracle..

The article Is Buying After a Tech Company Warns a Good Tactic? originally appeared on Fool.com.

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