It’s good for Compaq at the margin, because it helps them fill out their product line, and it is good for IBM at the margin because it helps them to sell storage.

4-19-10 Monday 1:00 P.M. Today the gas was turned off – more panic reactions. I’m wondering if the darkest hour is just before the dawn and all those wonderful cliches. I don’t see anyway out...

I don’t think this is a total shock, given what their competitors have done.

A year ago, I didn’t know what to make of him. But I’ve been impressed with what I’ve seen.

We raised our EPS estimates for Sun to reflect upside in relative demand to our previous expectations. Sun management indicated that demand trends were ahead of its expectations … and that business halfway into the...

While the stock could remain under pressure near term, we maintain our ‘buy’ rating on IBM owing to a compelling second-half story.

Some people take what they need from the orchard, and other people pick the orchard clean.”From – “The Mind Game Company – The Players

This is the best possible scenario for Dell.

He is taking the right steps. He is setting milestones and hitting them. It’s what’s important.

We think the key to Sun’s high rates of growth has been its focus on maintaining its installed base and identifying and penetrating new markets early, while its competitors are primarily focused on replenishing their...

Steve Jobs’ presence at the analyst meeting can help to energize the financial community and offset some of the ‘sell on the news’ pressures.

Yesterday I got a credit card application from a major bank with a variable rate of 12.99% to 20.99%. Such a deal. And what if I fall on hard times and lose my job? So,...

We still see IBM attractively valued at a 13 percent discount to S&P multiple.

They are a fairly small player in a consolidating industry. Don’t see acquisition of them [in the] near term.

The stock’s rich multiple requires continued strong upside surprises and estimate increases — both of which are unlikely to happen near-term as the law of large numbers catches up with the company.

The operating numbers were not as good as advertised.

The impact on Apple is not clear yet. But the French are late; Microsoft and Apple are already dominating the market.

There’s a bigger agenda here. Tandem has been in the forefront in moving to clustering [combining smaller computers’ processing power to act like a mainframe]. That’s one area that Compaq, along with Microsoft and Intel,...

It corroborates our view of a renewed sense of vigor and competitive spirit at HP.

While we are very confident about the firm’s underlying fundamentals … Network Appliance’s rich multiples require continued strong upside surprises and estimate increases, both of which are unlikely to happen near-term as the law of...

We believe this means more growth and the potential to further extend its lead in the server arena.

In our view, investors underestimate Apple because they tend to look at the company ‘linearly’ when they need to look at Apple ‘non-linearly’. In light of the recent developments in the film industry, the bigger...

We think the company has multiple engines of growth coupled with better execution against the goals of diversifying its revenue streams.

The odds [of a buyer] are reduced because of all the major challenges Gateway has gone through. It’s a tough situation.

We have had a cautious stance on [the PC group] since September, but we are lowering our rating on Compaq … for a different reason: its turnaround is faltering, despite the low valuation on price/sales.

Our expectation is that we are looking at upcoming good quarters for IBM.

This is the continuation of state consolidation in the oil sector.

The reason we are optimistic about IBM’s prospects is that with the worst very likely behind it – Y2K freezes, the problems in the HDD business and slump in services revenues that impacted 1Q00 –...

The odds are long that someone would buy Gateway.

While both companies, EMC and Sun, are leaders…a slowdown in corporate information-technology spending can impact both companies’ financial performance — gravity is bound to take over.

It is a show-me situation. They need to improve revenues and so far they haven’t.

More importantly, we are rather surprised by the launch plan for Mac OS X. Apple plans to release the new OS into stores in March and then bundle onto systems in July — which creates...

We reiterate our ‘buy’ rating on Apple and our price target of $80 based on valuation of two times the company’s EPS growth rate of 20 percent, reasonable in view of its innovative products and...

Six of the seven last years, technology stocks have been weak around that time period. June, July has usually been around a bottom.

When we downgraded the PC stocks in September, we were concerned about signs in the weak consumer demand — which has continued to deteriorate. Now we are seeing signs of this weakness spreading into small/medium...

As we have said before, the investor owns IBM for its consistent earnings and cash flow growth and relatively high degree of earnings predictability.

While the earnings-per-share outlook was inline with expectations, Network Appliance provided a positive revenue outlook for the fourth-quarter with IBM business just beginning to ramp.

We are encouraged by the new product launches, which are timed in front of the back to school season. While a low-end product would have margins below Palm’s corporate average of 39 percent, we have...

Compaq is No. 1 in the retail segment, they’re No. 1 in the high end of the business. In the small-business segment, they don’t have the same market share they have elsewhere. The key for...

Our point is that, like other cyclical businesses, this overcapacity has to get worked out.

That’s a reason to be a little cautious. There’s the potential for a price war to start. There could be a lot of pressure on the margins.

Investors do not appreciate the superior financial dynamics at Apple and do not accord it the valuation it deserves – because, in our minds ‘­ ‘­– Apple is still viewed by many as a reformed...

We upgraded Compaq because we see clear signs of a turnaround beginning to gain traction with good pick-up in business momentum.

They’re trying to create value-added. We are seeing all computer companies focus on new ways of generating revenue.

The extent of Apple’s pre-announcement and the laundry list of problems that the company cited lead us to believe that its woes are as much company specific as they are industry related and the demand...

We continue to view the stock pullback as a buying opportunity, with Apple’s price-to-earnings at 17 times our calendar 2007 operating earnings-per-share estimate.

We believe Adaptec is not a compelling storage networking story at this point, as we think most of the value of ADPT shares lies in its software business.

They were probably a little behind the curve, but it’s still early in the game. Compaq needed a partner for an ASP opportunity. They tried to address it on their own, but this is probably...

5-4-10 Tuesday 8:00 A.M. Made a large batch of chili and spaghetti to freeze yesterday. And some walnut fudge! Relieved the electricity is still on. It’s another beautiful sunny day with fluffy white clouds drifting...

This is an industry that needs some consolidation. There are some structural issues that need to be addressed.