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Technology Stocks : Dell Technologies Inc. -- Ignore unavailable to you. Want to Upgrade?

To: TigerPaw who wrote (175322)	11/3/2005 10:00:03 PM
From: stockman_scott	Respond to of 176387

HP Seen Maintaining Or Growing PC Market Share By Ed Lin, 11.03.05, 11:47 AM ET <<Banc of America Securities analyst Keith Bachman raised his 2005 projected shipment growth rate for PCs to 15.2% from 13.7% and raised the 2006 estimate to 11.4% from 9.8%. Bachman, writing in a research report, said he sees revenue growth of 8% to 9% in 2005 and growth of 5% to 6% in 2006. "We believe that there are new secular dynamics that are impacting PC purchase patterns (a paradigm shift), and hence, PC unit growth, making our regressions less meaningful, though still a useful guideline," the analyst said. He cited the rapid transition to notebook units, and price points reaching a level "that is spurring demand and effectively shortening PC lifecycles." Notebooks now represent a larger percentage of overall PC units sold and notebooks generally don't last as long as desktops. "We believe that the PC market is taking on attributes that resemble the handset market, with more consistent growth patterns, compared to the previous patterns of high volatility," Bachman said. Hewlett-Packard (nyse: HPQ) "should be able to maintain or grow its PC market share going forward and can realize improved margins, more on cost cuts than driven by market forces," the analyst said. Dell (nasdaq: DELL) may be "potentially building a base from recently lowered expectations." For makers of hard disk drives, "most of the incremental growth is from notebooks, which would provide some marginal improvement to Seagate Technology (nyse: STX)." In its coverage of enterprise hardware, Banc of America's two top picks are IBM (nyse: IBM) and EMC (nyse: EMC), both rated at "buy" with respective price targets of $93 and $15.25.>>