The decision opens up the possibility, which was really off the table before, that the new management will re-examine the possibility of possibly partitioning the company, which we view as positive for the stock.
More Quotes from Richard Chu:
Apple has a strong desire to be a major player in the home, but they haven't played their cards yet. They have been very careful to bring together a value proposition that's consistent with everything else that they do, which is easy to use and integrated.Richard Chu
I think we'll get a recasting of the combined company on a backward-looking basis and some parameters for looking at the second half. I doubt that we will see any specific guidance beyond that.
Richard Chu
They can split the costs more. It makes sense to divide the cost and share the risk.
Richard Chu
I think that should set up a very positive picture for the December quarter, subject to execution.
Richard Chu
In spite of conventional wisdom to the contrary, in our view, Sun has a future and, potentially a very bright one. We see the passing of the baton as affirmation that Sun can move into a strategic harvesting phase combined with focus on streamlined cost structure.
Richard Chu
At yesterday's meeting, management expressed confidence that operating margins in the computing systems segment should double in six to nine months,
Richard Chu
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