PC Shipments Fall Off Cliff in Q1, Down 14%
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Credit Agricole Downgrades Microsoft (MSFT) to Outperform
April 12, 2013 7:26 AM UTCCredit Agricole downgraded Microsoft (NASDAQ: MSFT) from Buy to Outperform with a price target of $34.00 (from $36.00).
For an analyst ratings summary and ratings history on Microsoft click here. For more ratings news on Microsoft click here.
Shares of Microsoft closed at $28.94 yesterday, with a 52 week range of $26.26-$32.89.... More
Argus Downgrades Intel (INTC) to Hold
April 11, 2013 1:07 PM UTCArgus downgraded Intel (NASDAQ: INTC) from Buy to Hold.
For an analyst ratings summary and ratings history on Intel click here. For more ratings news on Intel click here.
Shares of Intel closed at $22.26 yesterday, with a 52 week range of $19.23-$29.27.... More
HP (HPQ) Declines, PC Bear Says He Wasn't Bearish Enough
April 11, 2013 10:36 AM UTCShares of Hewlett-Packard (NYSE: HPQ) opened lower on Thursday, a decline tied to an IDC report that showed a steep drop in Q1 PC sales. The report showed HP's units were down 24 percent year-over-year and Dell (Nasdaq: DELL) units down 11 percent, while... More
Hard Drive Makers Caught Up in Tech Slide (WDC) (STX)
April 11, 2013 10:07 AM UTCHard drive makers Western Digital (NYSE: WDC) and Seagate Technology (NYSE: STX) can't avoid the carnage in tech following dismal PC numbers after the close.
PC shipments fell 14 percent in Q1, the worst decline on record, according... More
Nomura Securities Downgrades Microsoft (MSFT) to Neutral, Stock Still OK For Value Investors
April 11, 2013 8:20 AM UTCNomura Securities downgraded Microsoft (Nasdaq: MSFT) from Buy to Neutral with a price target of $32. Data yesterday pointed to an 11 to 14 percent decline in Q1 PC sales. This coupled with the stock's recent run above $30 per share has analyst Rick Sherlund moving to the... More
PC Shipments Saw Sharp Drop in Q1 Led by Consumer (HPQ) (AAPL) (DELL)
April 10, 2013 5:24 PM UTCWorldwide PC shipments totaled 79.2 million units in the first quarter of 2013, a 11.2 percent decline from the first quarter of 2012, according to preliminary results by Gartner, Inc. (NYSE: IT) Global PC shipments went below 80 million units for the first time since the second quarter of 2009. All regions showed a decrease in shipments, with the EMEA region experiencing the steepest decline.
"In the first quarter of 2013, it was the fourth consecutive quarter that showed a drop in worldwide PC shipments," said Mikako Kitagawa, principal analyst at Gartner. "Consumers are migrating content consumption from PCs... More
Tech ETFs Uneasy after Weakest PC Decline on Record (IYW) (XLK) (SMH)
April 10, 2013 5:01 PM UTCTech ETFs like iShares Dow Jones U.S. Technology Sector Index Fund (NYSE: IYW), Technology Select Sector SPDR (NYSE: XLK) and Market Vectors Semiconductor ETF (NYSE: SMH) could be in trouble come... More
