The problem is how long will it take for the fundamentals to stop getting worse, and we don't see that happening any time soon.
More Quotes from Dan Niles:
Our biggest surprise and disappointment is that the company did not lower the fiscal year 2001 revenue guidance as well.Dan Niles
There could be a bloodbath in pricing in the first part of next year if they don't move inventories over the holidays. The magnitude of the miss gives you an idea of what's going to happen with the PC market next year.
Dan Niles
This is yet another data point that the general IT spending pickup continues to stretch out in time. We do not see a recovery till after the summer at the earliest and even then expect the recovery to be gradual.
Dan Niles
We're getting to the latter half of the year. and typically, the industry sells close to 20 percent more PCs in the second half versus the first half. People are getting ready in anticipation of a much stronger second half of the year.
Dan Niles
Dell reaffirmed their guidance for the third quarter, but gave no guidance going forward. They also said that industry growth for the third quarter was going to be worse than expected.
Dan Niles
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