Goldman Sachs Comments On Tech Stocks Ahead Of Earnings (AAPL, WD, EMC)

Goldman Sachs expect EMC EMC to report slight earnings upside for the March quarter, with its estimates calling for revenues of $4.50 bn and non-GAAP EPS of $0.32, and it believes the company could raise its full-year outlook. EMC has recently been under some pressure on first-quarter seasonality concerns, and Goldman believes it should react positively to the earnings release. Goldman is raising its Q1 revenue and EPS estimates on Apple AAPL to $22.95 bn and $5.37, from $21.99 bn and $4.99. Nevertheless, the company's June-quarter guidance should be very conservative, due to the supply chain disruptions from the earthquake in Japan, and Goldman is lowering its Q2 guidance EPS estimates to $22.67 bn and $4.67, from $22.66 bn and $5.00. Goldman Sachs is raising Western Digital WDC estimates off of the Seagate pre-release. While Goldman remains concerned that weakening PC demand conditions continue to pressure HDD unit momentum, it believes supply is tightening and pricing is improving. EMC closed Tuesday at $25.85 AAPL closed Tuesday at $332.40 WD closed Tuesday at $38.13