PC Companies Lag Rally

The markets' broad rally has left some sectors behind, most notably the PC and PC-related hardware companies. The death of the platform, which has become broadly accepted by Wall St., has not been changed by the Fed's effort to turn the economy.

Dell Inc.'s (NASDAQ: DELL) stock price has hovered near $10.60 for the past five days. That number is barely above its 52-week low. Advanced Micro Device Inc.'s (NYSE: AMD) shares rallied a bit, but also stand near a 52-week low. The same is true for Hewlett-Packard Co. (NYSE: HPQ). The market believes more in the prospects of firms that sell more enterprise software. International Business Machines Corp.'s (NYSE: IBM) shares are near a 52-week high, as are Oracle Corp.'s (NASDAQ: ORCL) and EMC Corp.'s (NYSE: EMC).

Among the PC firms, the smartphone continues to claim another set of victims.

Douglas A. McIntyre

Filed under: 24/7 Wall St. Wire, PC Companies Tagged: AMD, DELL, EMC, featured, HPQ, IBM, ORCL
Read Full Story

Can't get enough business news?

Sign up for Finance Report by AOL and get everything from retailer news to the latest IPOs delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.