The industry has crystallized around a small group of business models that generate value and competitive advantage. Dell and Gateway share the direct distribution channel, with Compaq, IBM, Hewlett-Packard, and others slugging it out for the hearts and minds of resellers. Our positive view of the major PC players captures the notion of coexistence between PC and other technologies. We steadfastly believe that the good fortune of the top tier PC vendors easily accommodates the contribution and growth of non-Wintel technologies in Internet, enterprise, and technical computing. If required, visit the Adobe website to download the free Adobe Acrobat Reader.
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Information herein is believed to be reliable but J.P. Morgan does not warrant its completeness or accuracy. Opinions and estimates constitute our judgment and are subject to change without notice. Past performance is not indicative of future results. This material is not intended as an offer or solicitation for the purchase or sale of any financial instrument. J.P. Morgan may hold a position or act as market maker in the financial instruments of any issuer discussed herein or act as advisor or lender to such issuer.