While sales of Dell computers have been significantly impacted by the economic recession, we believe that IT spending is beginning to show signs of improvement.
While Wall Street analysts are expecting Hewlett-Packard to report results at the low end of the company’s guidance range, we are taking a more bullish view and believe HPQ’s results will come in at the high end. While there’s not likely to be significant increases in IT budgets in the near term, our view is that the aggressive reductions in corporate IT budgets are over. ...
With Home Depot and Hewlett Packard both reporting earnings last week, we have now had all 30 of the Dow stock components report their first quarter results.
Despite the weak global PC market, we expect that Hewlett Packard will report quarterly results that are at the top end of their conservative guidance range.
