Apple, Dell, and IBM are expected to be beneficiaries of IT spending improvement, according to a Standard & Poor’s credit analyst, Martha Toll-Reed:
“Signs of growth are gradually emerging in the U.S. computer hardware industry, led by consumer spending on personal computers and electronics, according to a report published today by Standard & Poor’s Ratings Services. A full recovery is dependent upon growth in corporate spending, which until now has been constrained by a persistent atmosphere of caution. The prognosis for HP is less clearly positive and more dependent upon management execution, while revenue improvement for Sun and Silicon Graphics is expected to lag behind other hardware companies rated by Standard & Poor’s,” Reuters reports.
Full article here.