Friday, September 14, 2007

PC Supply Chain Cuts

Last night I alluded to reports HP was cutting orders. Today in Goldman's Intrday market note...

"IT is flat with internet names outperforming and weakness in anything PC related. In Internet, YHOO is up ~3.5% on positive notes from competitors; we have seen some short covering as a result. Also, GOOG is up ~0.75% and we have seen some buying from trading oriented and institutional accounts in EBAY (up ~0.25). PC related names, with the exception of AAPL up ~0.75%, are down on lingering concerns about supply chain cuts (DELL, HPQ, MU, GLW). Other notables, S is down ~2.25% on negative comments from competitors and SNDK is up ~2.75%."

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