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Net Logic Microsystems, Inc. (NASDAQ: NETL), like Cavium Networks, Inc. (NASDAQ: CAVM), reported good enough numbers to really push the stock meaningfully higher today. Generally speaking high end and edge networking are holding up as well as any area in technology. Later this quarter we get to hear Cisco Systems, Inc. (NASDAQ: CSCO), who sounded the first alarm late last year.To get a solid continuation of this networking emerging strength (fundamentally), we will need to hear something like this from CSCO later this quarter. "While sluggish conditions were exacerbated by the credit turmoil hitting the financial enterprise segment, we are standing by our prior assessment and feel the growth of the intelligent network and the profound growth in video traffic will still result in a relatively short downturn. Further, while we cannot tell with certainty, we feel we could see better order rates resuming in the first half of 2009."
A statement like that combined with some credit fuel and the networking group may again be one of the better performing sub-groups in tech.
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