Another day of uncertainty, another day of losses on Wall Street. After we watched Senator Richard Shelby play the role of the stereotypical American politician and lose investor confidence by suggesting there is an alternative to the $700 billion plan to rescue the financial system. There is an alternative: watch our financial system collapse and then try to pick-up the pieces. The staff at tech:stocker appreciates Senator Shelby's caution when writing a check of that magnitude to Treasury Secretary Henry Paulson who seems to have a shopping list for the cash and can't wait to spend it. But without an amazing plan in hand, Senator Shelby needs to put his political grandstanding on the back burner before the market drops even more and Americans start turning their mattresses into savings accounts. After looking at Dell (DELL:NASDAQ) and taking a pass, it made sense to look at their chief competitor, Hewlett Packard (HPQ:NYSE). While Dell has been having its share of problems, Hewlett Packard has been thriving. As Dell looks to sell a manufacturing plant in Ireland to improve its bottom line, Hewlett Packard acquires EDS with cash and new debt. Bringing EDS into the fold puts Dell in the... ...
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