MSFT: H-P (HPQ -2.1%), Seagate (STX -2.6%), and...

11:54 AM H-P (HPQ -2.1%), Seagate (STX -2.6%), and Western Digital (WDC -2.8%) underperform after UBS' Maynard Um argues Intel's (INTC -1.3%) Q1 report backs up his thesis that "PC pricing needs to come down ... to entice upgrades." Um thinks this will lead to margin pressure for OEMs, and an unfavorable mix shift for hard drive vendors. He also notes H-P/Dell might not benefit from Intel's server CPU strength, since it's fueled by cloud buyers who often rely on white-label gear. Also: Paul Otellini stated on Intel's Q1 call he eventually expects Window 8 (MSFT) touch devices (7" tablets?) using Intel's upcoming Bay Trail Atom CPU to sport ~$200 price points. Read comments

MSFT price at time of publication: $28.86. Check MSFT price now »

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Press Releases on MSFT

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Related Articles on MSFT

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StockTalk on MSFT: MSFT StockTalk | Twitter MSFT | Twitter $MSFT | MSFT Instablogs

Recent Market Alerts on MSFT: All currents | Earnings | Dividends | M&A | On the move

Transcripts on MSFT

• Microsoft's Management Discusses F2Q 2013 Results - Earnings Call Transcript
• Microsoft's Management Discusses F1Q13 Results - Earnings Call Transcript
• Microsoft's Management Discusses F4Q2012 Results - Earnings Call Transcript

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