H-P and 2 Dow Tech Stocks Pushing the Index Down

Hewlett-Packard Company (NYSE:HPQ) should post its second quarter earnings today in a conference call, after the market closes. First Call reports that the earnings per share consensus is 91 cents on $29.92 billion in revenue, and that analysts expect results to be in-line, but perhaps a bit lower on sales. Developments in Europe are the big question: will H-P see its results more negatively impacted than those of Dell (NASDAQ:DELL)? As it is, Hewlett-Packard is more exposed on the Continent than its rival IT vendors, since sales in Europe comprise some 37 percent of its revenue.

Don’t Miss: Here’s What to Expect From Hewlett-Packard After the Bell.

Microsoft Corporation’s (NASDAQ:MSFT) Xbox video game console should be banned because it infringes on four Motorola (NASDAQ:GOOG) patents, says David Shaw, a judge for the International Trade Commission, according to a CNet report. More specifically, Shaw recommended that sales of the 4 gigabyte and 250 gigabyte versions of the Xbox 360 S console be disallowed and that Microsoft post a bond of equal to 7 percent of the wholesale value of the unsold consoles already in the country.

Intel Corporation’s (NASDAQ:INTC) Thunderbolt technology, which has already been adopted by motherboard makers and suppliers in their more expensive products, is forecast to become one of the key specifications with which producers of motherboards will compete in the second half of this year, say industry sources to DigiTimes.

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