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Monday, 03/13/2006 9:28:59 AM

Monday, March 13, 2006 9:28:59 AM

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Five Growth Picks In Technology
Kate DuBose Tomassi, 03.13.06, 8:51 AM ET

http://www.forbes.com/markets/2006/03/13/google-ebay-0313markets02.html

Citing her expectation that information technology spending will accelerate in 2006, Goldman Sachs analyst Laura Conigliaro said her top technology picks for growth are eBay, Google, Marvell Technology Group, Qualcomm and Satyam Computer Services, all rated "outperform."

The analyst said product cycles are strengthening due to technology relating to 3G, SOA software infrastructure, Microsoft (nasdaq: MSFT - news - people ) Vista, and new storage solutions.

In addition, the analyst sees improvement in IT spending by some vertical markets including communications, business services and health care.

The business environment is improving in Europe, according to the analyst, and management displayed increased confidence with respect to IT budgets, geographies and product cycles at a symposium hosted by the firm last week.

Results from Goldman Sachs' latest survey on IT spending indicate that the vendors with the top share gain are Dell (nasdaq: DELL - news - people ) in servers and systems, Dell and Hewlett-Packard (nyse: HPQ - news - people ) in personal computers, and EMC (nyse: EMC - news - people ) and IBM (nyse: IBM - news - people ) in storage.

Vendors who seem to be losing share, according to the firm's survey, are Sun Microsystems (nasdaq: SUNW - news - people ) in servers and storage, Lenovo in personal computers, and CA (nyse: CA - news - people ) and Novell (nasdaq: NOVL - news - people ) in software.
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