Investors were rattled by this, but there was really no news that justified a drop of this magnitude. |
Revenue was higher than expected but a number of charges distort the picture. Still, if you exclude that, the numbers are better than expected. The guidance for growth in general is good. |
The secret is that they have far less competition. |
The short-term effect is likely to be negative. This type of issue costs management time, leads to sizeable costs of lawyers and creates uncertainty. |
The TV market is huge as consumers often buy a new and more stylish TV before the old one has died. But who has ever bought a second or third washing machine? |
Today's surprise is not enough to warrant a substantially higher valuation. |
We believe that it will put pressure on the share price in the near term. |