I'm not sure why they didn't have the QA session today or even a conference call with analysts when they first announced the restructuring,
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Here we are, four weeks ahead of Thanksgiving, and it hasn't gotten stupid yet.
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There isn't an industry where product prices come down faster than consumer electronics.
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Costs were higher, gross margin was lower, there are some challenges, and the price of oil isn't going to help. They are aware of it and getting the price increases now, but the balance of the year is not going to be spectacular.
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It's certainly a positive that they'll be back at work, but we're still a little cautious about what the effect will be. Any time you force somebody to do something they don't want to do, you have to wonder whether or not their heart is going to be in it.
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It signals that there's still a lot more to find our about what's going on. Given that they are underscoring the liquidity of each unit, maybe they will hang a 'For Sale' sign on the entire business.
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