When you miss your top line by 1 billion, the stock should go down. With negative year-over-year revenue growth it is really hard to get excited about the stock.
More Quotes from Dan Niles:
We believe that Compaq also did a good job on the profitability front, which should enable operating margins to more than double from third-quarter levels ... this should lead to earnings-per-share at least several cents higher than the consensus First Call estimates of 0.16.Dan Niles
I'm surprised it was this good, quite honestly. And more importantly the guidance for next year on the gross margin line of 57 percent. I think people are going to be very encouraged given that's up pretty substantially from what they did this last year.
Dan Niles
If the shareholders vote against this deal, it is hard to see how she will remain. In our opinion, the only beneficiaries to the current increase in uncertainty are Dell and IBM.
Dan Niles
Over the past two years, AMD has increased its market share against Intel from 13 percent to 21 percent. For those who thought the price war was aggressive, you haven't seen anything yet.
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
The merger uncertainty being a big concern hasn't seemed to affect their corporate demand as much as we would have expected, so we think the fourth quarter ended up pretty well for both consumer and corporate demand for them.
Dan Niles
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