Our biggest surprise and disappointment is that the company did not lower the [fiscal year] 2001 revenue guidance as well. |
Our stance has been in big enterprise applications, it was obvious that people were buying ahead to get their systems ready for Y2K. The mainframe business is a dying business, and our feeling was IBM would see it in the third and fourth quarters because the growth patterns weren't normal. |
Over the past two years, AMD has increased its market share against Intel from 13 percent to 21 percent. For those who thought the price war was aggressive, you haven't seen anything yet. |
Services are much more profitable than their core business. |
Slightly, to my mind, implies 3- to 5-percent growth. I think most people were looking at the 7- to 8-percent range for the fourth quarter. |
The back half of the year looks like it will be better than expected. |
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. |
The magnitude of the problem is what caught most people off guard. |
The merger uncertainty being a big concern hasn't seemed to affect their corporate demand as much as we would have expected, so we think [the fourth quarter] ended up pretty well for both consumer and corporate [demand] for them. |
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. |
The supply situation will likely get worse in the first half, while demand looks sluggish at best, with large inventory levels in the supply chain. |
The unit growth is not so strong as to offset the price declines they're seeing in their chips. |
Their focus on the enterprise computing and global services segment produced 51 percent of total revenue and 90 percent of total profits in the fourth quarter. A continuing improvement in the mix is expected to drive gross margins to almost 25 percent next year from 23.5 percent this year. |
There could be a bloodbath in pricing in the first part of next year if they don't move inventories over the holidays. The magnitude of the miss gives you an idea of what's going to happen with the PC market next year. |
There has been a huge run-up in price this quarter - unbelievable results. |