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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. (IBM), Sun Microsystems Inc. (SUNW), Dell Inc. (DELL), Hewlett-Packard Co. (HPQ), Intel Corp. (INTC), Advanced Micro Devices Inc. (AMD) • ETFs: PowerShares Dynamic Hardware & Consumer Electronics (PHW), iShares Dow Jones US Technology (IYW), iShares NASDAQ Biotechnology Index ETF (IBB), iShares Goldman Sachs Technology Index (IGM), Technology Select Sector SPDR (XLK), streetTRACKS Morgan Stanley Technology (MTK), First Trust NASDAQ-100-Tech Index (QTEC)

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