Q4 notebook computer shipment forecast lowered at BMO Capital


After conducting checks, BMO Capital believes notebook shipments were below its previous estimate last month. The firm reduced its 4Q13 forecast for the top five notebook ODM shipments to down 5% quarter-over-quarter versus its prior forecast of flat quarter-over-quarter. The firm now expects overall PC shipments to fall 5.4% in 2014 versus 2013, versus its previous forecast of a 4.3% drop. The firm remains on the sidelines on PC-related companies it covers, and keeps Market Perform ratings on Hewlett-Packard (HPQ), Seagate (STX), Western Digital (WDC), Intel (INTC), AMD (AMD), Marvell (MRVL), and NVIDIA (NVDA).

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