There is an increasing risk that Microsoft might atrophy on the PC platform as IBM did on the mainframe platform, while robust growth shifts to hand-held and wireless devices.
More Quotes from Rick Sherlund:
This effectively takes the wind out of the sails of investor sentiment at a time when investors were beginning to warm up to the prospects for accelerating earnings momentum.Rick Sherlund
Oracle has an August quarter, so we are more compelled to cut estimates now. Siebel is September, so we could wait, but the numbers just look too optimistic. Given cost reductions, the EPS cut for Oracle is small, but the growth rates for Siebel are much faster, so EPS reductions more significant.
Rick Sherlund
We have over 100 civil actions already filed. There's concern that this gives them some leverage going forward.
Rick Sherlund
We thought maybe 9 percent growth so 14 is good.
Rick Sherlund
We picked the stocks that we thought had the biggest market cap, the strongest fundamentals, and importantly, a lot of liquidity, so you can get in and you can get out,
Rick Sherlund
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