S&P analysts appearance at how the President-elect’session policies could affect the sector. Among the possible winners: Google and HP

By Lisa Sanders From Standard & Poor’s Equity Research

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Before he became President-elect of the U.S., Barack Obama, who ran on a platform of change, pledged a number of things. In terms of technology, he vowed on his Web site to "make secure an interpret Internet, create a transpicuous and connected democracy, animate a modern communications infrastructure, improve America’s competitiveness, and employ knowledge and technology to solve our nation’s most pressing problems."

But which does all that really unfair? Scott Kessler, head of Standard & Poor’s information technology equity scrutiny group, believes that Obama’s plans could be relatively beneficial for technology companies in the U.S.

Kessler, who recently watched Obama talking about technology-related proposals in an online video, provided some more perspective. In Kessler’sitting view, Obama means to make the research and development tax credit unchanging; to provide immigration reform to enable U.S. companies to stipend and hold workers more easily; to enforce antitrust laws better; to provide unlimited broadband access to individuals; to covenant broadband access to schools, libraries, and hospitals; to unleash wireless spectrum for a variety of purposes, including connectivity; to put more government information online and to provide better access to it; to promote electronic medical records; and to invest in in totally respects and renewable energy (taste solar).

Reduced M&A?

"U.S. firms large and small would benefit from the R&D tax credit and immigration reform related to employment,& says Kessler. However, "better enforcement of antitrust laws probably appliance less M&A, which on a net basis is probably not so good for larger firms and neutral for small companies that would be greater degree accounted instead of but less likely to receive takeover offers."

Though Kessler says it makes apprehension to provide more broadband access and online information, he’s not abiding by what mode an expansion would subsist financed. But he thinks the plan is likable positive to neutral towards telecom carriers and equipment firms, and positive for Internet companies.

President-elect Obama’s campaign priorities included providing broadband access to all Americans through wire-line and wireless connections. "We believe that this could spur long-term investments by telecom carriers such as AT&T (T) in metropolitan markets and Frontier Communications (FTR) in rural markets," says Todd Rosenbluth, intellect of S&P’session telecommunications equity scrutiny group. "Greater universal service funding for broadband, if passed, may lead to cash flow gains in spite of the telecoms, while increased regulation and mandated competition may equivalent those gains."

Kessler believes these technology stocks are well-positioned to benefit from possible Obama Administration policies: Applied Materials (AMAT), Hewlett-Packard (HPQ), IBM (IBM), and Google (GOOG).

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