CBS Marketwatch
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Last Update: 12:06 PM ET Feb 5, 2001:
NewsWatch
Indications
ADR Report
Monday, February 05, 2001
UBSW: PC stocks bottoming?
--12:06 pm - By Tomi Kilgore
Analyst Don Young at UBS Warburg told clients that he believes fundamentals
in the PC sector are still deteriorating, but thinks they will bottom between now
and April. Young noted that stocks in the group "move in tandem or slightly
ahead of the fundamental trend" and current valuations are at historically
attractive levels. The Goldman Sachs Computer Hardware Index ($GHA: news,
msgs) is down 1.6 percent at 422.99. In the last year, it has traded in a
679.34-328.17 range. The best priced, he says, are Gateway (GTW: news,
msgs), Compaq Computer (CPQ: news, msgs) and Microsoft (MSFT: news,
msgs). GTW is adding 21 cents to $19.92, CPQ is slipping 12 cents to $23.85
and MSFT is unchanged at $60.81, compared to their respective 52-week highs
of $75.13, $35 and $115. |
