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Avoid names with hefty PC, server, or printer exposure, says Goldman, lowering its 2013 PC...

Avoid names with hefty PC, server, or printer exposure, says Goldman, lowering its 2013 PC shipment forecast to -6.8% from -3.8% and - pointing at DELL's earnings - warning pockets of price aggression at OEMs could spread. Making the list are sell-rated: HPQ, LXK, and QLGC. H-P reports after the bell.
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Comments (5)
  • Michael Blair
    , contributor
    Comments (4951) | Send Message
     
    It is always tempting to bet against Goldman recommendations. I am a sceptic and suspect they are on the other side of the trade. Their internal Chinese walls are more like rice paper, in my view. In any event, I don't trust their research timed on the even of HPQ's release.

     

    Everyone knows PC's have been under pressure. What we don't know is how well the newer touch screen devices have been selling or how well HPQ is doing in its enterprise markets.
    22 May 2013, 01:40 PM Reply Like
  • Tom Hamiter
    , contributor
    Comments (4) | Send Message
     
    At risk of sounding smug, I don't think Goldman looks at things that I do when making decisions. In this case I'm betting on Meg, not on a group of PC makers. She's a unique talent and I'm
    sticking with a winner!
    22 May 2013, 06:18 PM Reply Like
  • TedLem
    , contributor
    Comments (2) | Send Message
     
    I guess Goldman was wrong about HPQ. The price went up, a lot.
    23 May 2013, 03:41 AM Reply Like
  • mitrado
    , contributor
    Comments (2015) | Send Message
     
    Goldman Sachs timing is unbelievable. Avoid HPQ, they say. 3 hours later, HPQ +13.94%.
    23 May 2013, 04:47 AM Reply Like
  • p_medica
    , contributor
    Comments (14) | Send Message
     
    Michael, you were correct: Goldman was on the other side of this trade. Boy, that new Dodd/Frank bill is really holding the Investment Banks accountable for these Shenanigans!
    23 May 2013, 12:39 PM Reply Like
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