Enterprise Tech Rebound Is Real - Analyst (HPQ, NTAP, STX, ARW)
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Analysts at Goldman Sachs noted that Ingram Micro's (NYSE: IM) recent 2009 analyst day confirmed the recent increase in tech spending. Ingram Micro is the largest technology distributor.
The firm notes that Ingram sees improving demand trends into the seasonally strong 4Q and Ingram noted that its channel partners are anticipating low- to mid-single digit yoy revenue growth in 2010.
Goldman said this is news is positive for companies with the greatest enterprise exposure such as conviction buy-rated NetApp (Nasdaq: NTAP) and buy-rated Arrow (NYSE: ARW), HP (NYSE: HPQ), Seagate (NYSE: STX).
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