News Breaks |
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| November 27, 2012 |
| 12:52 EDT |  | STX, WDC, HPQ, DELL | PC sector stocks retreat after firm warns on emerging markets
A number of stocks related to PCs are sliding after research firm CSLA warned that PC sales in emerging markets are slowing more than it had previously expected. In a note to investors this morning, CLSA analyst Nicolas Baratte reported that sales of computer notebooks and netbooks in emerging markets dropped 1% in the third quarter compared with the same period in 2011. Sales of PCs to emerging market companies sank 7%, and worldwide sales of desktops tumbled 10% in the third quarter, the analyst added. Furthermore, the analyst expects PC sales in developed markets to decline by 9% in 2012 and continue dropping in coming years. On a positive note, Baratte expects PC sales in emerging markets to begin growing again during the current quarter, before jumping 9% in 2013. The analyst continues to have a cautious view of Hewlett Packard (HPQ), Dell (DELL), Seagate Technology (STX), and Western Digital (WDC), and he added that Dell and Hewlett Packard seem to be unable to recover from sizable share losses in the PC market. Baratte maintains Underperform ratings on Seagate, Western Digital, and Hewlett-Packard, and an Outperform rating on Dell. Meanwhile, a decision by Seagate CFO Patrick O'Malley to sell 57,280 shares of the company's stock may also be weighing on Seagate in particular and the sector in general. O'Malley sold the shares on November 21, but the transaction was revealed in an SEC filing last night. In early afternoon trading, Seagate fell 4.59% to $26.09, Western Digital gave back 2.67% to $34.85, Dell slid 1.61% to $9.78, and Hewlett-Packard dropped 1.65% to $12.53. |
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News For STX;WDC;HPQ;DELL From The Last 14 Days Check below for free stories on STX;WDC;HPQ;DELL the last two weeks. |
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| May 25, 2013 |
| 11:26 EDT |  | HPQ | Hewlett-Packard turnaround is 'iffy' but can't get worse, Barron's says
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| May 24, 2013 |
| 16:00 EDT |  | HPQ | Options Update; May 24, 2013
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| 14:07 EDT |  | HPQ | Market poised to end week lower following Fed, China data
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| 11:58 EDT | | HPQ | Options with decreasing implied volatility: ARNA ANF QIHU HPQ
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| 08:11 EDT | | HPQ | Hewlett-Packard names Jim Murrin treasurer
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| 06:22 EDT | | DELL | Icahn hired Jefferies to help fund Dell deal, NY Post reports
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| May 23, 2013 |
| 19:33 EDT | | DELL | Icahn, Southeastern engage banks on financing for Dell deal, Reuters says
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| 16:23 EDT | | HPQ | On The Fly: Closing Wrap
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| 16:00 EDT | | HPQ | Options Update; May 23, 2013
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| 12:38 EDT | | HPQ | On The Fly: Midday Wrap
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| 10:11 EDT |  | HPQ | Hewlett-Packard gaps up and rises sharply after results
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| 10:08 EDT |  | STX, HPQ | On The Fly: Analyst Upgrade Summary
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| 09:37 EDT | | HPQ | Active equity option families trading on open
Active equity option families trading on open according to Track Data: AAPL NFLX GOOG HPQ |
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| 09:21 EDT | | HPQ | HP must diversify product options, Meg Whitman says
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| 09:21 EDT | | HPQ | Hewlett-Packard CEO: Still believe keeping HP together is 'right thing to do'
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| 09:11 EDT |  | HPQ | Hewlett-Packard had a solid quarter but remain cautious, says Goldman
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| 09:00 EDT | | HPQ | Hewlett-Packard rises 10.6%
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| 07:54 EDT | | HPQ | Hewlett-Packard strength a selling opportunity, says Topeka
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| 07:17 EDT | | HPQ | Hewlett-Packard guidance looks conservative, says Bernstein
After HP reported lower than expected Q2 revenue but higher than expected EPS, Bernstein thinks the company's EPS guidance looks conservative. The firm expects the company to either improve its business or break itself up. It keeps an Outperform rating on the shares. |
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| 05:52 EDT | | HPQ | Hewlett-Packard upgraded to Hold from Underperform at Jefferies
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