A Look at Tech Consolidation, Oppenheimer Upgrades Netflix & Appian CEO Matt Calkins on Investing in Growth Opportunities 9/19/22
TechCheck
CNBC
4.5 • 66 Ratings
🗓️ 19 September 2022
⏱️ 44 minutes
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| 0:00.0 | I'm Dear Jrabosa, and you're listening to CNBC's Tech Check. |
| 0:03.5 | Our show is live weekdays at 11 a.m. Eastern. Listen in. |
| 0:11.8 | Good Monday morning. Welcome to Tech Check. I'm Carl Kintania with John Ford and Dear |
| 0:15.6 | Deerbosa. Today is now the time to double down on growth as tech slumps many companies are cutting costs we're |
| 0:22.1 | going to talk to one CEO who says they should be doing the opposite Oppenheimer says now is the |
| 0:26.9 | time to buy Netflix that call coming with the stock down about 60% this year analysts is going to |
| 0:32.0 | join us in a bit and then take two the latest company to be hit by a cyber attack. Shares are down this morning. We got details this hour, D. But let's start with some investor worries for tech ahead of the Fed this week. The major indices is coming off their worst week since June. The NASDAQ down more than 5% last week. We did just take positive, though, as Carl just said. Joining us, live at One Market, our own Jim Kramer. |
| 0:54.6 | Jim, welcome. It is wonderful to have you back. You are always on a mission, but you're on a |
| 0:59.1 | particular mission this week, has to do with tech and how low it can go. Right. I mean, |
| 1:03.9 | this is really important. First time, thank you for having me. This is really important. I'm out here, |
| 1:09.4 | obviously, for Salesforce's Dreamforce, but it's a lot of different tech companies. |
| 1:13.9 | Because I happen to think the tech is indeed undervalued. |
| 1:17.3 | I just want to know when the Fed is going to be done, so then the undervaluation turns into buying. |
| 1:23.7 | My Chabotos owns, say, half positions on a lot of these stocks. |
| 1:27.5 | And let's give you the classical sales force itself. |
| 1:30.4 | I mean, this stock has just been pummeled. |
| 1:32.4 | So the question is, are the pushbacks? |
| 1:35.7 | Are they not getting the orders done? |
| 1:38.0 | Are they finding that the business is good? |
| 1:40.3 | In other words, are they Adobe? |
| 1:42.2 | Right. |
| 1:42.6 | And Adobe was very, very harsh last week. So then what did you make of the Figma move? And, you know, Salesforce, obviously. I thought it was interesting. Last week I was also watching Mark Bennyoff at some of the conferences, who was at Goldman Sachs. He kind of left the door open for some more M&A activity, but investors haven't really loved that. No. Well, look, if you've got a company, Figma, that was selling for 10 billion a year ago, |
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