“We continue to see the company as a margin expansion story where we see great opportunity in growing its networking, storage, and software businesses, leveraging its top position in servers,” they wrote.
Hewlett-Packard comprises nearly 4% of iShares Dow Jones US Technology (NYSEArca: IYW). The tech-heavy PowerShares QQQ (NasdaqGM: QQQ) fell sharply on Monday and was fractionally lower in Tuesday’s premarket.
iShares Dow Jones US Technology
