Science & Technology
Science and Technology
Science and Technology
Mon, July 19, 2010
Sat, July 17, 2010
Fri, July 16, 2010
Hewlett-Packard, Dell, Apple, International Business Machines and Microsoft
CHICAGO--([ BUSINESS WIRE ])--Zacks.com Analyst Blog features: Hewlett-Packard Company (NYSE: [ HPQ ]), Dell Inc. (Nasdaq: [ DELL ]), Apple Inc. (Nasdaq: [ AAPL ]), International Business Machines Corp. (NYSE: [ IBM ]) and Microsoft Corp (Nasdaq: [ MSFT ]).
Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter: [ http://at.zacks.com/?id=4579 ].
Here are highlights from Thursdaya™s Analyst Blog:
PC Shipments Above Expectations
As per the latest findings of the market research firm IDC, global PC shipments in the second quarter 2010 went up 22.4% year over year, while another research firm, Gartner, calculated growth to be 20.7%. IDC pointed out that the surge in sales was primarily due to the large companies replacing their old computers coupled with the purchase of low-cost laptops.
IDC previously expected growth of 21.9%, which is 50 basis points below expectations, as the U.S. and Asian regions witnessed marginally lower PC shipments. This apart, the constrained PC spending during the recession has been replaced with the purchasing of new units presently. The PC shipment also surpassed Gartnera™s previous expectation of 19.3%.
As per IDC, total PC shipment during the quarter was 81.5 million for the second quarter. Market leader Hewlett-Packard Company (NYSE: [ HPQ ]) retained the first position worldwide, with an 18.1% market share, which declined by 1.6% as a result of lower international sales.
The second position was grabbed by Dell Inc. (Nasdaq: [ DELL ]) as the companya™s PC sales improved 19.1%, which surpassed Taiwanese computer maker Acer. On the other hand, both Dell and Acer lost marketshare. Dell benefited as a result of the raise in the demand from business houses, while Acera™s growth rate was not at par.
Apart from the three companies mentioned above, another computing major, Lenovo, reported PC sales growth of 47.3% year over year. Taiwanese company ASUSTek reported a staggering 83.6% growth in PC sales, while Toshibaa™s PC sales climbed 26.2%. Apple Inc. (Nasdaq: [ AAPL ]) could not grab a position among the top four, but in the U.S., Apple secured the fourth position in PC shipments.
It seems that while all the tech companies are reaping the benefits of improved macroeconomic fundamentals and increased IT spending across the globe, the maximum benefit has been tapped by Hewlett-Packard. Everything seems to be in favor for H-P. As per the recent report published by Gartner, HP has also grabbed the leading position in the server market during the first quarter of 2010.
During the same period, the server revenue of International Business Machines Corp. (NYSE: [ IBM ]) dipped 2.1% to $3.05 billion. Performances for both companies in the last quarter place H-P in the leadership position in the server segment, with a 31.5% market share, exceeding IBMa™s market share of 28.4%.
Although we remain positive about H-Pa™s performance going forward given that the demand has been improving, we believe competition from other big technology companies, such as Microsoft Corp (Nasdaq: [ MSFT ]).
Want more from Zacks Equity Research? Subscribe to the free Profit from the Pros newsletter: [ http://at.zacks.com/?id=5514 ].
About Zacks Equity Research
Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.
Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.
Zacks "Profit from the Pros" e-mail newsletter provides highlights of the latest analysis from Zacks Equity Research. Subscribe to this free newsletter today: [ http://at.zacks.com/?id=5516 ].
About Zacks
Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Leonard Zacks. As a PhD in mathematics Len knew he could find patterns in stock market data that would lead to superior investment results. Amongst his many accomplishments was the formation of his proprietary stock picking system; the Zacks Rank, which continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros at [ http://at.zacks.com/?id=4580 ].
Visit [ http://www.zacks.com/performance ] for information about the performance numbers displayed in this press release.
Follow us on Twitter: [ http://twitter.com/zacksresearch ].
Join us on Facebook: [ http://www.facebook.com/home.php#/pages/Zacks-Investment-Research/57553657748?ref=ts ].
Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.
