Laura Conigliaro
Laura Conigliaro
best continue design driven grow ibm opportunity parts percent primarily remains
Microelectronics remains one of the best parts of IBM and, we think, has an opportunity to continue to grow by at least 20 percent going forward, driven primarily by new design wins,
both current fair higher margins moving multiple revenue value
We show both revenue -- a little -- and margins -- more -- moving higher than current estimates, yielding a fair value of around $38 even without any multiple expansion.
answer chose slow
His answer was a crisp articulation of why they chose to slow down growth.
business checks general hardware ibm march original pickup revenue sufficient suggest
While our checks suggest that there was a general pickup in hardware business at the end of the March quarter, this was probably not sufficient for IBM to make our original revenue forecasts.
earnings far meaningful move needle performance stock therefore
While notable, this is still not enough to move the needle in a meaningful way as far as earnings -- and therefore stock performance -- is concerned.
benefit cycle economic expanding group huge names product solutions stock strong taken ultimately
Sun's stock has already taken huge blows, is one of the better names in our group and should ultimately benefit from a strong product cycle and an expanding solutions approach, ... For now, however, we think the economic cycle probably has the upper hand.
call confirmed demand fairly grim picture
Sun's intra-quarter call confirmed the fairly grim picture of demand that we have been seeing,
hand keys kingdom process turning
They're in the process of turning it around, but I wouldn't hand them the keys to the kingdom just yet.
beating sending signals smoke
They've been sending signals before. But it was smoke signals before. Now they are beating drums.
although cautious continue environment estimates evidence mostly remains worse
Although our evidence remains mostly anecdotal, we continue to see a macroeconomic environment that, if anything, is worse than even our cautious estimates have been suggesting,
area company product quarter shine
There wasn't anything in the quarter in any product area that the company did not shine on.
business conditions difficult far positive remain summer sun thus
Notwithstanding the positive announcement ... our sense is that business conditions remain difficult for Sun thus far in the summer quarter.
actions public statements sun taken tone tried whether
For the most part, Sun has tried to tone down some of those public statements and actions of that ilk. In general, Sun has taken more of a statesman-like position. As to whether they would do something like this or not, I have no idea.
easy growth high hitting initially likelihood ourselves percent target
The likelihood of Dell hitting the high end of its 6 percent to 9 percent (revenue growth) target, which many investors, ourselves included, initially thought was an easy target to beat, is now much lower.