Asian technology companies are in the throes of extreme investor pessimism.

As many as 14 tech stocks with a market value of more than $1 billion in Asia, excluding Japan, have an estimated PEG ratio of less than 0.5, according to my Bloomberg.

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In the U.S., the oft-touted “halo effect” from Apple’s iPods and iPhones looks to be encouraging consumers to try the company’s computers as well. Apple saw U.S. sales jump 38.1% in the quarter, according to Gartner (31.7% says IDC), pushing the company into third place, behind Dell and HP, with an 8.5% market share, compared to 6.4% last year.

Tags: apple computer economy halo_effect haloeffect iphone ipod sales on 07-19-2008 -Cached -About Shared by:Jeff Johnson

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