CNBC destroys tech stocks? Get serious

Tim Beyers of The Motley Fool writes Friday about how some tech industry CEOs have been blaming TV business journalists for their bad rap.

Beyers wrote, “During a Wednesday afternoon conference call with analysts to discuss his company’s solid but unspectacular second-quarter earnings, [Cisco CEO John] Chambers whined about TV news coverage of the tech industry:

“So let me get this straight. Squawk Box is responsible for the so-called tech meltdown? Chambers can’t be serious, right?

“Wrong. Just ask Intel CEO Paul Otellini. Quoting from his remarks in the chipmaker’s fourth-quarter conference call:

Read more here. Beyers doesn’t believe the reasoning.