I entered a position in MSFT at under $30. I scaled a bit of it back above $31, as my enthusiasm over Windows 8 -- desktop and mobile -- waned. It looks like MSFT will either break below $30 and wallow or find true support above that level and retest recent highs.
I'm out, though. I would rather take profits than wait for the other shoe to drop.
I'll tell you what I see coming in 2013 -- an inventory glut. If Microsoft and its partners are as confident about Windows 8 as we're supposed to think they are (remember, Intel reportedly thinks the OS is not ready and Microsoft has angered some partners by making its own hardware), they're all producing too much product.
We know RIM, on an island all by itself, will have to blow out, write down or do both to a good chunk of inventory in 2013. I'm not sure why, with their even less inspiring devices, we should not expect to see the same from Dell, HP and Nokia. Any last ditch effort to maintain or steal enterprise business away from the still stable big dogs simply will not salvage or subsidize what will be a consumer disaster.Things at Intel are quite sad. To see such a powerful company hinge its fate on Windows 8 and the MacBook knockoff known as an "ultrabook" or the "convertible" (it's a tablet, no, wait, it's a laptop) that has about zero chance of succeeding makes me want to cry. If Intel loses Apple's business (via The Next Web) anytime soon, it will be left with Windows, a mobile business that's a little too late and a whole slew of Googlish hobbies. That's concerning. The picture in tech as it stacks up for 2013 -- outside of the dominators, the startups and the perpetual startups -- should concern you as well. If there was ever a time for this second and third tier to attack Apple, for example, it's now. It just doesn't seem likely to take place, at least not successfully. On Thursday, somebody in my feed tweeted the on-sale date for Microsoft's Windows 8 Surface tablet. I think it's the 26th of this month. Something tells me we're not going to see folks lining up for days and several blocks like they do for Apple products or a Springsteen concert. Keep an eye on my article history. Next week I'll cover an often neglected angle on what has gone wrong in tech outside of Apple's greatness. At the time of publication, the author was long FB and P. Follow @RoccoPendola This article is commentary by an independent contributor, separate from TheStreet's regular news coverage.
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