Andrew Neff
Andrew Neff
aggressive bound concerned consumer continued corporate demand pc pricing seeing signs spreading stocks weak weakness
When we downgraded the PC stocks in September, we were concerned about signs in the weak consumer demand -- which has continued to deteriorate. Now we are seeing signs of this weakness spreading into small/medium corporate and of aggressive pricing in low-end servers. This weakness is bound to spread.
fill good helps ibm margin product sell
It's good for Compaq at the margin, because it helps them fill out their product line, and it is good for IBM at the margin because it helps them to sell storage.
digital either equipment jury turnaround
It's either another Digital Equipment or another turnaround like HP or IBM. Right now, the jury is still out.
july last seven six stocks technology time weak
Six of the seven last years, technology stocks have been weak around that time period. June, July has usually been around a bottom.
cyclical point worked
Our point is that, like other cyclical businesses, this overcapacity has to get worked out.
accord apple appreciate deserves dynamics financial great investors minds returning step superior viewed
Investors do not appreciate the superior financial dynamics at Apple and do not accord it the valuation it deserves - because, in our minds ÂÂ-- Apple is still viewed by many as a reformed alcoholic - just one step away from returning to the gutter. We have a different view and think there is a great team.
hitting milestones setting taking
He is taking the right steps. He is setting milestones and hitting them. It's what's important.
impressed year
A year ago, I didn't know what to make of him. But I've been impressed with what I've seen.
renewed spirit view vigor
It corroborates our view of a renewed sense of vigor and competitive spirit at HP.
oil state
This is the continuation of state consolidation in the oil sector.
apple bundle creates customers july launch lengthy mac march onto plan plans potential rather release stores surprised systems waiting
More importantly, we are rather surprised by the launch plan for Mac OS X. Apple plans to release the new OS into stores in March and then bundle onto systems in July -- which creates the potential of a lengthy stall by customers waiting for the new OS.
cash consistent degree earnings flow growth high ibm investor owns relatively
As we have said before, the investor owns IBM for its consistent earnings and cash flow growth and relatively high degree of earnings predictability.
industry issues needs structural
This is an industry that needs some consolidation. There are some structural issues that need to be addressed.
high key market retail share
Compaq is No. 1 in the retail segment, they're No. 1 in the high end of the business. In the small-business segment, they don't have the same market share they have elsewhere. The key for Compaq is how well they'll execute.