This is yet another data point that the general IT spending pickup continues to stretch out in time. We do not see a recovery till after the summer at the earliest and even then expect the recovery to be gradual.
More Quotes from Dan Niles:
I'm surprised it was this good, quite honestly. And more importantly the guidance for next year on the gross margin line of 57 percent. I think people are going to be very encouraged given that's up pretty substantially from what they did this last year.Dan Niles
When you miss your top line by 1 billion, the stock should go down. With negative year-over-year revenue growth it is really hard to get excited about the stock.
Dan Niles
The unit growth is not so strong as to offset the price declines they're seeing in their chips.
Dan Niles
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.
Dan Niles
In the past, Intel has had much higher performance products than AMD had, so they bombed prices on the low end, and kept pricing higher on the high end. This time, AMD's got as speedy processors as Intel does at the high end. There's nothing Intel can do.
Dan Niles
Dell's forecast paints an ugly picture of current trends and calls into question the credibility of a seasonally better third quarter that others have forecast.
Dan Niles
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If we are ever in doubt about what to do, it is a good rule to ask ourselves what we shall wish on the morrow that we had done.
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