We think this will be an incremental boost to the overall network attached storage market and is an incremental revenue opportunity for EMC, and therefore positive for EMC. We believe Network Appliance will face more...

Both HP and Compaq have been pursuing several common strategies: Becoming more services-centric, Wintel in the enterprise, storage as a technology growth engine, and moving to an overall solution sell. There will obviously be regulatory...

IBM has proven that the services/solution centric approach to the market can build shareholder value.

We think this may be perceived as a near-term negative, as some had been looking for the new servers to be announced.

Economic softness is accelerating non-economic trends that threaten Sun and raise the likelihood that numbers may need to again be reduced.

While we expected management to lower expectations for the current quarter, the magnitude of the reductions caught us by surprise.

The key growth drivers are all in place.

This move makes HP look much more like IBM and, in our opinion, makes strategic sense.

Competition will intensify but IBM should be able to gain share as HP undergoes a Herculean integration task.

Given the weakness in HP shares this morning following their pre-announcement and our belief that the printer business is worth approximately $25 per share, we do not think it makes sense to downgrade the stock...