As the year progresses, the stock will build its multiple. |
At first glance, looks good. |
Companies are reluctant to buy stuff that's disruptive to their infrastructure |
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, |
Despite overall strong macro data, a recovery in the tech sector is lagging well behind the overall U.S. economy, |
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, |
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. |
Extrapolating from Oracle as a bellwether for the rest of the software sector, we believe the September quarter results for the group will likely come in a bit shy of estimates, |
Extrapolating from Oracle as a bellwether for the rest of the software sector, we believe the September quarter results for the group will likely come in a bit shy of estimates. |
Given the difficult transition for other companies that have made the switch (to subscription accounting), we view this with some relief for Oracle stock. |
I just don't think Judge Posner would be spending time on this unless they were making progress, |
I see Microsoft today saying, 'We understand that. Here's our first step in that direction, and how we address it.' That's all I think you can conclude today, is they're taking their first steps. They've gotta do it. |
I think that would take the stock down a lot. It would open them up to massive follow-on litigation. |
I think the big cloud on the horizon has been the Department of Justice lawsuit, but I'm becoming more optimistic, the longer they engage in negotiations, that a settlement may be possible here, |
I think the biggest impact, were there a delay, would be on the consumer sector, but given that the Department of Justice is not asking to block the launch, it doesn't look like there'll be much of an impact. |