We expect commentary regarding the third quarter to be conservative - we could see revenue growth targeted for the low single digits (in percentage) and continued weakness in gross margin as the company works to bring inventory levels down.
More Quotes from Joseph Osha:
We currently forecast what we believe is a 'reasonable' recovery, which includes assumptions for slightly below-average sequential growth in the third quarter of 3 percent, above average sequential growth in the fourth quarter of 4 percent, and a fairly typical first-year recovery in 2003,Joseph Osha
That may limit near-term downside to the name, although with doubts about the company's ability to fix its margin problems, we don't see much upside either.
Joseph Osha
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