Competition is a much bigger factor than they're acknowledging in the press release. |
Decisions continue to be deferred and contracts are slow to get signed. |
EMC has stated last month that the falloff in demand it saw in [the first quarter] appears to be firming. |
I know they were looking for someone to be more of a GM [general manager], someone who would take the CFO position, move to the GM spot and eventually take over for Gerstner. Maine doesn't appear to be that type of person. |
The stock is up because investors think it's a good move to get new blood in the company. |
They tried to hold it together, and found ultimately they couldn't. It's curious they just woke up to this level of miss. They're blaming the economy, but competition is a much underrated factor. |
We did not see that as we checked on April performance, and our recent checks suggest that the first two weeks in May appear to have been no better than April. |