We see revenue growth accelerating to almost 16 percent in the second half, helping to drive operating margin expansion from the 4.5 percent recorded in first quarter 2000, and the 5.4 percent that we expect this quarter, to 6.3 percent and 8.2 percent in the third and fourth quarters respectively.
More Quotes from Steve Fortuna:
We believe Dell will preannounce a miss for the January quarter, most likely within the next two weeks. We also think the company will use the opportunity to lower next year's sales growth outlook from 20 percent to 15-20 percent,Steve Fortuna
Our view is that Apple has had very good growth over the past couple of years, largely driven by upgrade cycle to its existing installed base.
Steve Fortuna
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.
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
All of our regular checks with companies and channel contacts continue to suggest that PC demand remains weak, especially in the U.S..
Steve Fortuna
could fall victim to the difficult times that lie ahead for the industry.
Steve Fortuna
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