Don’t give up on stock in PCs
Hewlett-Packard and Dell were once powerhouses of the personal computer market, with rich stock prices to match. These days, they can’t get respect. Shares of HP and Dell have lost more than a third of their value this year. But some mutual fund managers who count these down-in-the-dumps stocks among their top holdings, are sticking with them. Where others see dim earnings prospects and a grim future for the PC, they see strong potential priced at a discount.