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Technology Stocks : Applied Materials No-Politics Thread (AMAT) -- Ignore unavailable to you. Want to Upgrade?

To: Proud_Infidel who wrote (14951)	5/13/2005 10:04:25 AM
From: Proud_Infidel	Respond to of 25522

Dell's Q2 Guidance Seen As Mild Positive For Sector 05.13.05, 10:00 AM ET Banc of America Securities reiterated a "buy" rating and $42 target price on Dell (nasdaq: DELL - news - people ), saying the company's second-quarter guidance is a mild positive for the sector. Dell issued second-quarter revenue guidance in a range of $13.6 billion to $13.8 billion, versus consensus of $13.6 billion. Earnings-per-share guidance was in a range of 37 cents to 39 cents, versus consensus of 38 cents. "We view Dell's guidance for next quarter very positively, as it implies a higher year-over-year growth rate," Dell said. "We believe that raised guidance is primarily due to an improvement in U.S. PC demand." The research firm said Dell's comments are a "mild positive catalyst" for the overall hardware sector, though significant changes in technology spending levels are unlikely, based on Dell's comments. Banc of America said Lexmark International (nyse: LXK - news - people ) could be negatively impacted by Dell's emphasis on its laser business. Meanwhile, Hewlett-Packard (nyse: HPQ - news - people ) is seen as benefiting slightly from Dell's revenue guidance. Elsewhere in the enterprise hardware sector, Banc of America's top picks are EMC (nyse: EMC - news - people ) and IBM (nyse: IBM - news - people ), both rated at "buy" with respective target prices of $15.25 and $84.