I think a lot of people were a bit nervous about this quarter and there might be a bit of a collective sigh of relief that they pulled it out and that should be viewed positively. The second half of the year is likely to be a whole lot better.
More Quotes from Drew Peck:
I'm not only in agreement, I've been feeling for quite a while that these issues are going to emerge pretty soon. I guess the only question I have is, if everything that Kumar described is true, which frankly, I believe it is, then why does he still have a 'buy' on the stock.Drew Peck
The PC business looks like it's going to be struggling for most of next year. If you look a little bit outside the PC world and look at some of the things that are going on in the consumer and industrial sectors, looks to me like there is going to be a nice rebound coming.
Drew Peck
In light of the huge upside we saw last quarter, I think a lot of investors might have been expecting a little bit better. That may be a nagging problem when you consider that the stock was discounting fairly high expectations already. I suspect there could be some weakness as a result of that.
Drew Peck
The numbers themselves tell a pretty grim story, so if you're going to hang your hat on this, you have to believe the qualitative commentary rather than the quantitative information.
Drew Peck
There's no more upside coming. So we're not going to see more than 65, maybe 70 cents out of this company for the whole year. This is a very expensive stock to be earning 65 or 70 cents.
Drew Peck
Obviously, this company is having big problems. It's cash flow negative. They are now at the point where they are selling off pieces of their business to subsidize the remaining piece. All their eggs are in one basket.
Drew Peck
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