fishing report

JPMorgan has come out with some changes in its technology and imaging sector today.� The firm wants to be defensive right now with steady revenue streams and steady margins.� It is cautious on PC sales, printing, and servers.

Apple Inc. (NASDAQ: AAPL) and IBM (NYSE: IBM) were both raised to Overweight from Neutral.

The firm is positive on storage on a relative basis to other spots in tech right now.� Hewlett-Packard (NYSE: HPQ) and EMC Corp. (NYSE: EMC) were also maintained overweight ratings.

PC-maker Dell Inc. (NASDAQ: DELL) was kicked while it's down as shares were downgraded to Neutral from Overweight as it continues to struggle and lag.� Lexmark (NYSE: LXK) saw its shares downgraded to Underweight from Neutral.� NetApp (NASDAQ: NTAP) was downgraded to Neutral from Overweight.

Jon C. Ogg
October 15, 2008

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