Billing is a logical and complementary addition. |
He was one of my best friends. He was a great guy. He made a lot of old people happy. |
It will be strange to be without him. I can't believe he's gone, to tell you the truth. |
It's in line with them getting the cost down to the reality of what their revenue opportunities are. |
Our downgrade is based on the company's preannouncement for contract revenue of $1.25 bilion-$1.3 billion. Our estimate was $1.65 billion. |
PeopleSoft had 12.9 percent operating margins in 2002 and 10.1 percent for the latest reported quarter. He just bought a company [software maker J.D. Edwards] that is losing money. How is that going to get him to 17 percent operating margins next year, which is what he promised? |
This doesn't solve their problems long-term, but you can't continue to run a business and ignore the fact that your top line isn't there, so I think it's a pragmatic move. They probably can't cut their way to prosperity - sooner or later they're going to have to get their revenue line growing. |
We now expect EPS of 15 cents a share, excluding amortization and charges. Our previous consensus level EPS estimate was 55 cents a share. |