Tech stocks started out strong Friday after CS First Boston analysts said they expect Microsoft to make its quarter when it reports earnings next month. Ingram Micro: Channel Advisor - Microsoft Windows Vista::
implementing additional security software and hardware to meet clients needs. SP1 is expected to ease some of the compatibility problems.
http://www.ingrammicro.com/us/0,,20509_19384_19394_15108,00.htmlHOME |
And an uptick in PC sales could lead to earnings upside in the year ahead, the analysts said, echoing comments by Deutsche Bank on the PC sector.
However, the CSFB analysts said they expect Microsoft to continue to lag because of increasing competition.
"We continue to expect Microsoft to underperform," they wrote. "The company is likely to face significant erosion of monopoly pricing pressure over the next three years given desktop maturity and open source alternatives."
Stocks fell Friday as traders continued to have mixed feelings about the Fed's quarter-point rate cut on Wednesday. U.S. treasuries sold off for the third straight day.
The Nasdaq lost 8 to 1625, the S&P 500 fell 9 to 976, and the Dow dropped 89 to 8989. Volume declined to 1.23 billion shares on the NYSE, and 1.55 billion on the Nasdaq. Decliners led 17-15 on the NYSE, and 17-14 on the Nasdaq. Downside volume was 69% on the NYSE, and 62% on the Nasdaq. New highs-new lows were 108-5 on the NYSE, and 148-7 on the Nasdaq.
ClickSoftware soared 20% on a deal with HP. From Gregs Head: Microsoft Dynamics NAV::
According to conservative estimates there was $9.7 million in Our clients increasingly expect us to be available at a moments notice to meet their needs.
http://www.fromgregshead.com/archives/cat--microsoft-dynamics-nav.htmlHOME |
MSFT - Microsoft Q4 earnings preview - BloggingStocks::
an expected earnings per share figure of $0.35, which would be an for sale to all public channels, will Microsoft meet or best analyst estimates?
http://msft.bloggingstocks.com/2007/07/16/microsoft-q4-earnings-preview/HOME |
FindWhat, up 1.8%, is getting aggressive against fraud.
Overland rose 2.8% on a storage acquisition.
IBM slipped 1.1% ahead of a server announcement on Monday.
Oracle, off 0.7%, could be asked for more information by the FTC next week on its PeopleSoft buyout offer.
Synopsis slipped 1.7% on an acquisition.
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