This is further evidence of a deterioration in their business.
More Quotes from Brent Bracelin:
Dell's commentary implied that Dell was probably overly aggressive on price, and that's probably more of a company-specific issue than an industry specific issue, ... But people will look to see if aggressive pricing impacted (HP) as well.Brent Bracelin
This is a company in turnaround mode, but we would have liked to have seen more progress. There wasn't anything that even hinted at a major rebound.
Brent Bracelin
Despite all the new products, all the marketing press releases, we have yet to see these new products position the company for growth.
Brent Bracelin
That's 6 to 9 growth. A year ago, they were (posting growth rates) in the high teens.
Brent Bracelin
This is the last major positive catalyst for the stock. Going forward, shares should track more closely with the fundamentals of the business because now investors will be focused on execution.
Brent Bracelin
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