Microsoft Profit View Lowered by FBR

Like us on Facebook

“The floods in Thailand have been causing disruptions to the production of hard disk drives since October 2011, and this has started to negatively affect the PC supply chain (and IT hardware in general). This was a headwind in the December quarter and is expected to be a more serious concern in the March quarter,” analyst David Hilal wrote in a note to clients.

Hilal, who has a “market perform” rating on Microsoft stock, now assumes PC shipment growth of 3 percent for fiscal 2012 and 11 percent for fiscal 2013, down from 11 percent and 12 percent, respectively.

Shares of Microsoft closed Friday’s regular trading session at $28.25 on Nasdaq, while Hilal has a price target of $28.