Laura Conigliaro
Laura Conigliaro
appears december lack normally others punch quarter recovery signs suggesting sun until
More importantly, it appears that the December quarter will lack the seasonal punch that Sun and others normally see, suggesting that the first signs of a recovery may not come until June,
continued evidence gradual improvement sun
We have continued to see evidence of gradual improvement for Sun in the marketplace.
amplified companies couple felt few induced internal last slowing sun
Over the last couple of quarters, very few companies have felt the combination of externally induced slowing amplified by some internal miscues the way Sun has.
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.
both dominance given growing likely market opportunity strong upside within
with likely upside in both cases, given a strong market opportunity and the company's growing dominance within it.
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,
caused evidence investors paying seen start
We have already seen some evidence of this?more than anything it has caused investors to start paying attention.
attention attracted far key leading operating outside products software system unix
Solaris has done very well as far as it being a leading Unix operating system for Sun, but how much attention has Solaris attracted outside of Sun? ... You could go through the other key software products and say the same thing.
among clearly major position worst
Lexmark is clearly in the worst position among the major vendors,
bias ended likely march quarter slight strong toward
With Sun's March quarter now over, our sense is that, while Sun's quarter ended on a strong note, revenues were likely sequentially flattish, probably with the slight bias toward the downside.
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.
certainly companies couple euro exposed ibm impact large last watched weaker weeks
We watched the euro get significantly weaker over the last couple of weeks and that certainly has an impact on companies that don't have that much growth, but are very large and very exposed as IBM is internationally,