I think the stock will trade down significantly because of lower profits for the next year, but the long term value (will rise) -- in two years -- because of our actions today, being decisive and taking the steps to ensure our continued leadership in this larger market with larger competitors.
More Quotes from Reed Hastings:
Bill Henderson is about the only person on the planet who looks at our volume of mail as a trickle. We'll look for him to extend our current competitive advantages in this area, particularly as our mail volume increases with our forecasted growth to at least 5.65 million subscribers this year and 20 million by 2010-2012.Reed Hastings
If the Starbucks secret is a smile when you get your latte... ours is that the Web site adapts to the individual's taste.
Reed Hastings
(Last year) was another year of solid achievement and continued momentum. We enter 2006 confident we can reach our goal of 20 million subscribers within the 2010 to 2012 time frame.
Reed Hastings
Our outlook for the future reflects the continuing rapid subscriber growth and the increasing impact of the cost advantages and other financial benefits that flow from our market leadership.
Reed Hastings
We are seeing the beginning of things. Web 2.0 is broadband. Web 3.0 is 10 gigabits a second.
Reed Hastings
once you subscribe, our interest is purely your happiness.
Reed Hastings
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