Buy Cisco, Intel, U.S. Technology Shares, Faber Says

(Bloomberg) Feb. 6 (Bloomberg) -- Investors should buy U.S. technology stocks after prices fell near the lows reached after the dot-com crash in 2000, investor Marc Faber said.

Cisco Systems Inc., Intel Corp., Microsoft Corp. and Oracle Corp. shares will outperform U.S. Treasuries over the next five to 10 years, Faber, managing director of Hong Kong-based investment firm Marc Faber Ltd. and publisher of the Gloom, Boom & Doom Report, said in a Bloomberg Radio interview today.

“You could make a case that in the U.S. some equities have come down a lot and are inexpensive,” Faber said. “In Nasdaq stocks, in high-tech companies, we have a base-building period.”

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