Despite some interesting announcements and a solid display of exciting technology, we don't walk away with the sense that the near-to-medium term prospects for the company are any brighter than previously thought.
More Quotes from Steve Fortuna:
Also, and very importantly, we think there is a high likelihood that management significantly lowers its earnings per share outlook during its analyst meeting this week, well below the current 1.28 Street consensus.Steve Fortuna
In our opinion, investors should not read this Apple blowup as evidence that PC demand is weak. Apple is, in many ways, a market unto itself.
Steve Fortuna
Apple is, in many ways, a market unto itself, ... We believe there is a high likelihood that investors will overreact to this news and take down the PC names in sympathy. We would particularly view this as a buying opportunity for Gateway, and to a lesser extent, Compaq and Dell.
Steve Fortuna
could fall victim to the difficult times that lie ahead for the industry.
Steve Fortuna
We see Europe as an important market for Gateway with lower PC penetration rates and the potential for higher long-term growth rates in the consumer small business markets than in the U.S..
Steve Fortuna
We see the upgrade cycle as clearly fatiguing at this point and I think the experience in consumer slowdown and weakness, as is with Gateway and others, but Apple's got some additional problems that are more Apple-specific and are related to the fact that a lot of the growth coming from the installed base is now drying up and the company really has to reinvent itself now and focus on new products,
Steve Fortuna
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Based on Topics: Computers & Technology Quotes, Mind Quotes, Sense & Perception Quotes, Thought & Thinking QuotesI get satisfaction of three kinds. One is creating something, one is being paid for it and one is the feeling that I haven't just been sitting on my ass all afternoon.
William F. Buckley, Jr.
I certainly don't sit around in the morning making pancakes listening to Whitehouse or anything.
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People, as critical as it looks, we're OK. We are in control, whether we feel it or not.
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