Although the results were solid, and we expect the stock to respond favorably in the near term, we continue to rate the shares ‘neutral’ due to long-term concerns over IBM’s server businesses and overall IT...

We think this is important as Sun’s ability to compete in the enterprise market depends on its ability to get product out in a timely fashion.

Demand in Europe remains weak and the US is stable but at anemic levels. Fortune 500 purchases remain slow with little movement toward discretionary projects. Finally, the typical year end surge of Government spending began...

We would buy in this current weakness.

We believe that established enterprises accelerated IT, equity investment, partnerships, and other types in spending since they feared that an unexpected and superior dot.com business model would threaten their existence. With the diminution of the...

It is hard to hear Sun’s commentary and have any confidence that spending will reaccelerate or that numbers for most of the enterprise sector may not need to come down again. The demand jury is...

All of tech has been massacred, but our data suggests that storage may weather the storm better since its earnings stream will be more reliable than almost any other area of technology.

IBM continues to believe that it can hit consensus EPS targets. In a deteriorating environment, this undeniably represents a solid showing.

We can’t make investments (in new track) based just on demand today, but how it will look 10 years from now and beyond.