Rob Black's Tech Stock Report

Includes: CSCO, HPQ, ORCL, TXN
by: Rob Black
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Barron’s this weekend mentioned that Oracle (NYSE:ORCL)could climb 20% to 25% in the coming months as they continue to benefit from big acquisitions like PeopleSoft and Siebel. The positive or negative catalyst could be future deals but Business Objects and Hyperion Solutions look expensive, so Oracle may go for WebEx.

Hewlett-Packard (NYSE:HPQ) target was raised to $50 from $44 at UBS. HPQ’s stock is at $39 right now, so analysts seem to see good things ahead.

Cisco (NASDAQ:CSCO) is entering the video-conferencing market with a high-end system that continues the company's push beyond networking equipment. The new offering includes three high-definition video screens, multiple cameras and microphones for high-quality audio. These advanced systems are designed to create virtual meetings, nearly replicating features of in-person gatherings -- a far cry from the poor image quality that characterizes some earlier systems.

Texas Instruments (NYSE:TXN) said its quarterly net income rose 11% over the same period last year, helped by stronger sales of its chips used in cell phones and other electronic equipment. But the world's largest provider of phone chips signaled business is slowing, offering a softer sales forecast than Wall Street expected.

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