While the stumble gives us pause, we remain convinced that the longer-term opportunity remains attractive based on strong industry fundamentals and cash- flow generation.
More Quotes from Richard Petersen:
I have a job to do, I'm an officer in the Army, and I've got my duty to do. We're truck drivers, we're targets -- big moving targets -- and it's scary.Richard Petersen
It's overall a mixed bag. The margins on the earnings were better than expected. The top line was worse than expected.
Richard Petersen
A lot has to go right at the same time for the needle to get moved. That's why it's a tough stock.
Richard Petersen
Currency appears to have had a slightly more adverse effect than most people thought. If that's the case, it's not as bad as it looks on the top line. Obviously currency is something out of their control.
Richard Petersen
The biggest driver to earnings is always software. If that business does better, that's good for IBM.
Richard Petersen
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