THIS IS A RUSH TRANSCRIPT.  THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED. DEBORAH MARCHINI, CNN ANCHOR: Well, the earnings parade continues on Wall Street throughout the day, including a report from an oil giant, a failed merger partner and a fast food chain. Investors are awaiting results from Dow components ExxonMobil, Honeywell, McDonald's and Lucent. My featured guest this morning is Dan Veru, portfolio manager at Palisade Capital Management. And how would you like to characterize the state of the market right now?</s>DAN VERU, PORTFOLIO MANAGER, PALISADE CAPITAL MANAGEMENT: Well, it's good news and bad news. The tech sector is still in disarray. I think that expectations are still too high. The one scenario that hasn't been portrayed is that while business maybe isn't going to get a whole lot worse, it can stay at very low levels for I think longer than most investors are thinking about. What we've done as a strategy is really focus where there are companies with good earnings visibility, that they have a high recurring revenue stream or more immune based on the end markets that they're addressing.</s>MARCHINI: All right. We'll talk a little later in the program about some of the stocks you're buying.</s>VERU: Great.</s>MARCHINI: Dan Veru. TO ORDER A VIDEO OF THIS TRANSCRIPT, PLEASE CALL 800-CNN-NEWS OR USE OUR SECURE ONLINE ORDER FORM LOCATED AT www.fdch.com
Dan Veru Says Tech Sector is still in Disarray