This bull market is rewarding tech stocks in high-growth areas such as mobile, storage, big data and social media. In my back testing, technology companies in high-growth areas that beat consensus estimates of analysts for earnings significantly outperform the market. Here are three technology companies that reported earnings Thursday
Thailand is the center of disk drive manufacturing. Recent flooding in Thailand damaged a large number of manufacturing facilities resulting in a lack of adequate supply of disk drives. Seagate [s:STX] is one of the largest manufacturers of disk drives in the world. Compared to the competitors, Thailand
FBR after its checks from Asia reports that the data from Asia is most positive for Marvell (MRVL), Silicon Lab (SLAB), Qualcom (QCOM), and LSI (LSI). The data is most negative for Nvidia (NVDA). The data is also negative for Broadcom (BRCM), Altera (ALTR), and Texas Instruments (TXN).
Western Digital (WDC), the largest player in the disk drive business, announced acquisition of the number three player Hitachi GST (HIT). The real winners are not Western Digital or Hitachi, but two other companies. Seagate Technology Seagate Technology (STX) is the second largest hard disk manufacturer with about 30% market