Merrill Lynch positive on Sequent Q4:
Merrill Warns Of Seasonality In Ad Rev For Internet Cos.
Dow Jones Newswires -- January 7, 1998
NEW YORK (Dow Jones)--The PC industry saw strong growth in the fourth quarter, especially in Europe, Merrill Lynch & Co. analysts said in a conference call on their outlook for the technology sector...
...In the server and hardware sector, Merrill Lynch analyst Steve Milunovich said he expects upside fourth-quarter earnings from EMC Corp. (EMC), Lexmark International Group Inc. (LXK), International Business Machines (IBM), Sequent Computer Systems Inc. (SQNT), Stratus Computer Inc. (SRA) and Sun Microsystems Inc. (SUNW).
He said he thinks earnings may not meet expectations at Digital Equipment Corp. (DEC), Data General Corp. (DGN), Silicon Graphics Inc. (SGI) and Auspex Systems Inc. (ASPX).
Milunovich is looking for better results from IBM servers in the fourth quarter, but sees a slowing in hard disks, DRAMs and PCs. The analyst expects 8% year-over-year operating profit growth in the quarter from the company.
The analyst sees little risk to Digital Equipment's fiscal second quarter, but said he may cut second-half estimates on the company.
He said Hewlett Packard's high-end UNIX business is doing well, but the "bounceback in printers is muted..." |
