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Excerpt from our Wall Street Breakfast, a one-page summary of this morning's key market-moving and stock-moving stories:

IBM, Sun Set Server-Sales Growth Pace [Wall Street Journal]

Summary: IBM and Sun Microsystems had strong increases in server sales for Q3, according to industry statistics released yesterday. IBM (the #1 server supplier) expanded server sales by 7%, and Sun (#4) by 20%. Hewlett-Packard (#2) saw a 6% drop in server Server Room 22 11 06product revenues. Dell (#3) came in at 6% growth. For the first time in four years, Intel regained market share against rival ADM. Overall server market revenues were up 3.5%, and unit shipments were up 7.4%. . (Note: Conflicting figures were released by two separated research firms; the summary uses an average of both.)
Related links: Media coverage: ZDNet. Commentary: Sun Microsystems' Data Center in a Shipping Container Will Transform Corporate ComputingWhy Sun's Blackbox is the Future of Commoditized Computing • Jim Cramer on IBM, SUNW, DELL, HPQ, INTC, amd. Conference call transcripts: IBM Q3 2006, Sun Microsystems F1Q07, Dell Q2 2007, Hewlett-Packard F4Q06, Intel Q3 2006, AMD Q3 2006
Potentially impacted stocks and ETFs: International Business Machines Corp. (NYSE:IBM), Sun Microsystems Inc. (SUNW), Dell Inc. (NASDAQ:DELL), Hewlett-Packard Co. (NYSE:HPQ), Intel Corp. (NASDAQ:INTC), Advanced Micro Devices Inc. (NYSE:AMD) • ETFs: PowerShares Dynamic Hardware & Consumer Electronics (PHW), iShares Dow Jones US Technology (NYSEARCA:IYW), iShares NASDAQ Biotechnology Index ETF (NASDAQ:IBB), iShares Goldman Sachs Technology Index (NYSEARCA:IGM), Technology Select Sector SPDR (NYSEARCA:XLK), streetTRACKS Morgan Stanley Technology (NYSEARCA:MTK), First Trust NASDAQ-100-Tech Index (NASDAQ:QTEC)

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Source: IBM, Sun Lead the Pack in Q3 Server Sales