Big Tech's Retreat Raises Few Eyebrows

How soon they forget.

Recent bad news for tech stocks -- the unpleasant signs and renewed wondering that have greased the Nasdaq's 8.7% slide of the past three days -- is, for better or worse, to be expected, say buy-siders.

Developments such as Sun Microsystems'
(SUNW Quote) earnings warning, EMC's (EMC Quote) first layoffs in its history, and Lucent's (LU Quote) aborted merger with Alcatel (ALA Quote) shouldn't come as a shock, they say. And so perhaps investors should get ready for a period of retreat after the sharp rally of the last two months. ...