Chris Whitmore Believe Quotations

We believe Vista will spur a positive mix-shift across the PC industry, reversing the recent shift towards low-end desktops and notebooks.

We believe today's announcement sets the stage for further share gains by Apple. Our estimates suggest that each point of share Apple takes in the overall personal computer (PC) market translates into a positive 25 cents per share to our fiscal year estimates.

While we view the announcement as positive, Schwartz is a Sun insider, having been with the company for over 10 years and we believe he is unlikely to announce a significant change in strategic direction.

We believe lower guidance from Dell, Lexmark and Cisco this (quarter) indicates slower growth in PCs, pricing pressure in printers and slower revenue growth in the IT (information technology) industry.

Dell's model is designed to weather slowdowns, but we believe HP remains at risk,