Technology Sector 20th Nov

AMD
Nov 13th - 21.20
Nov 17th - 21.45

News:
- Nothing major, Opti Inc filed a patent infringement lawsuit that AMD has not commented on as of yet.

MSFT
Nov 13th – 29.35
Nov 17th – 29.40

News:
- Credit Suisse raised its rating on MSFT from Neutral to Outperform. They stated that they believe the stock has the potential to appreciate up to 20%, at least partially due to strength in the digital entertainment division.

- PS3, Wii almost instantly sold out on their respective release dates. PS3 demand is still incredibly strong (ebay prices have not dipped too much), Wii supply seems to be much more plentiful than PS3 (ebay prices have dropped fairly close to retail).

DELL
Nov 13th – 25.49
Nov 17th – 25.02

News:
- Dell is announcing preliminary results tomorrow. It delayed earnings reports last week, resulting in a slight drop in share price.

- HP announced results, they did very well (strong growth in earnings and revenue).

Short report today – still working on a damn Shakespeare paper.