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.
More Quotes from Chuck Phillips:
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 promisedChuck Phillips
It will be strange to be without him. I can't believe he's gone, to tell you the truth.
Chuck Phillips
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.
Chuck Phillips
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Based on Keywords: downgrade, preannouncementIf we notice a few errors in the work of a proven master, we may and even will often be correct; if we believe, however, that he is completely and utterly mistaken, we are in danger of missing his entire concept.
Franz Grillparzer
In Gaul were two orders, the nobility and the priesthood, while the people, says Caesar, were all slaves.
John Lothrop Motley
Fortune, which has a great deal of power in other matters but especially in war, can bring about great changes in a situation through very slight forces.
Julius Caesar