A settlement as broadly described would represent a positive for the company and stock. Importantly, however, the states have reportedly not yet signed off on such a settlement, and without their support, the case will likely still head back to the district court.
More Quotes from Henry Blodget:
We continue to view Office XP as a 'nice-to-have,' not a 'must-have,' especially in a weak economy. We have therefore baked only modest impact from the launch into our estimates.Henry Blodget
After that point, it is likely that the case could be appealed to the Supreme Court, which could add at least another six months to the outcome. So the case may not conclude until 2003.
Henry Blodget
Although a settlement as described would be positive for the company, we believe it would be premature to conclude that the company's legal issues are behind it.
Henry Blodget
There continue to be three major growth drivers in the consumer sector traffic, advertising, and commerce. Traffic growth in the U. S. continues to slow, as more than 50 percent of the total market is already online. More importantly, we estimate that more than 80 percent of disposable income is already online.
Henry Blodget
We also continue to believe that the market is transitioning into a more mature phase of growth ... this will cause a shakeout and consolidation. As this consolidation continues, we believe the Internet spoils will increasingly go to the few, not the many.
Henry Blodget
Management maintained full-year 2001 target of 20-to-30 percent revenue growth. To be conservative, we are trimming our estimate from 3.3 billion to 3.2 billion.
Henry Blodget
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