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Technology Stocks : Seagate Technology -- Ignore unavailable to you. Want to Upgrade?

To: Sam who wrote (7555)	11/25/2009 8:58:05 PM
From: Sam	Respond to of 7841

UBS Lifts PC Forecasts For 2009, 2010 By Eric Savitz UBS analyst Maynard Um this morning lifted his 2009 PC unit forecast to positive 0.4%, from -2.1%, reflecting an expected 10% year-over-year growth rate in the fourth quarter. “Demand has proven more resilient than expected driven by aggressive consumer pricing and fiscal stimulus,” he writes in a research note. “We expect consumer demand in Q4 to continue to be driven by promotional activity, but believe unit growth is likely to see lower-than-normal seasonality due to component tightness.” (Offsetting that, he thinks Q1 should be better than seasonal.) For 2010, he now sees 12.6% unit growth, up from 8.8% previously. He says growth should be driven by a better economy and “design-focused consumer PCs,” as well as enterprise PC refresh - although he does not expect a meaningful uptick in enterprise until mid-2010. Um says is favorite picks in the PC sector are Apple (AAPL), Hewlett-Packard (HPQ) and Seagate (STX). Among Asian plays, he favors Hon Hai, Acer and Asustek. His least favorite stock: Dell (DELL), given “near-term challenges as it transitions its model.”: blogs.barrons.com