Dan Niles
Dan Niles
gave growth guidance industry quarter third worse
Dell reaffirmed their guidance for the third quarter, but gave no guidance going forward. They also said that industry growth for the third quarter was going to be worse than expected.
market pc pricing share walked
Compaq walked away from PC market share when pricing was irrational.
believe best estimates forward likely remain unchanged
As a result, we believe forward EPS estimates at best will remain unchanged and most likely will need to be lowered.
bottom firm footing line puts quarters reality saying
The bottom line is they (Cisco) said the bottom may be one-to-two quarters out so that puts you back to firm footing with reality saying this is not over yet.
declines growth offset price seeing strong unit
The unit growth is not so strong as to offset the price declines they're seeing in their chips.
bottom economy guess rebound sit time
This economy is not going to rebound any time soon. To sit here and guess where the bottom is is a loser's bet.
happening problem stop time
The problem is how long will it take for the fundamentals to stop getting worse, and we don't see that happening any time soon.
bottom call cautious intel pickup quarter reached remain sees signs until
Intel sees no signs of a pickup and would not call this quarter the bottom for revenues. We do not think the bottom will be reached until the summer, at the earliest, and remain cautious on the stock.
correction grew inability inventory october percent quarter reduce seen view worst
Cisco's inability to reduce its inventory after the October quarter when revenues grew 14 percent quarter over quarter and inventory grew by 59 percent quarter over quarter reaffirms our view that we have not yet seen the worst of the inventory correction for semiconductor suppliers.
bombed higher hurting intel kept low performance prices pricing products
In the past, Intel has had much higher performance products than AMD had, so they bombed prices on the low end, and kept pricing higher on the high end. This time, AMD's got as speedy processors as Intel does at the high end. There's nothing Intel can do. They can't bomb prices without hurting themselves.
encouraged given gross guidance last line margin next people quite surprised year
I'm surprised it was this good, quite honestly. And more importantly the guidance for next year on the gross margin line of 57 percent. I think people are going to be very encouraged given that's up pretty substantially from what they did this last year.
effect miss months next quarter saying three worse
It's a disaster. They told us three months ago that Y2K isn't going to have any effect on them at all. They miss this quarter, now they're saying the next quarter is going to be even worse and that the first quarter will have even more losses.
half looks year
The back half of the year looks like it will be better than expected.
brings capacity deliver easy gain intel share
It's easy for No. 2 to gain share when No. 1 can't deliver enough products. It will get more interesting in 2006 as Intel brings new capacity on line.