Rick Sherlund
Rick Sherlund
basis corporate december entirely estimates further pc point quarter results revising stock woods
The stock may not yet be entirely out of the woods if the December quarter results do not show some further re-acceleration in corporate PC demand, at which point there may be a better basis for revising estimates further,
continue good level month months news next stock three
The stock had been at about this level just a month ago, and I think this is going to continue to be a damper, at least for the next three months or so. The news doesn't look like it's going to be good for a while.
anecdotal believe capital capture catching coming data estimates falling knife magnitude results spending street year
Estimating results has been like catching a falling knife this year and we do not believe Street estimates yet capture the magnitude of capital spending constraints going into 2002, particularly considering anecdotal data coming out of Europe.
above evidence given pc quarter reduced results slowing
The results were above our estimates, which had been reduced during the quarter given evidence of slowing PC demand.
difficulty looks pipeline turning
They said the pipeline looks strong, but they've had difficulty turning that in to revenue,
buy companies disruptive reluctant stuff
Companies are reluctant to buy stuff that's disruptive to their infrastructure
behind despite economy-and-economics overall recovery sector strong tech
Despite overall strong macro data, a recovery in the tech sector is lagging well behind the overall U.S. economy,
beginning earnings investor investors prospects sails sentiment takes warm wind
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.
despite quarter sales turned xbox
The quarter was pretty much in line, but despite all the hoopla the Xbox sales turned out to be better than we thought.
allow bail climb company dug fast hole hoped january march strong themselves track
We hoped that March would be back on track and strong enough to bail out the quarter, but it doesn't look like it got there fast enough to really allow this company to climb out of the hole they dug themselves in for January and February.
few product question remember scheme
In the whole scheme of things, are we ever going to remember when this product shipped, a few years down the road? No. It's going to be a big product. It's a question of timing.
likely march questions raise strength
Intel's pre-announcement will likely raise questions about the strength of Microsoft's March quarter.
judge progress spending time unless
I just don't think Judge Posner would be spending time on this unless they were making progress,
account consumer corporate demand estimate likely line pc percent relatively revision sales total
Consumer PC sales account for only about 10 percent of Microsoft's total revenues, so with corporate demand likely in line with expectations, our estimate revision is only relatively moderate,