Michael Davis
Michael Davis
build fear held inventory levels pervasive pessimism resistance
Inventory levels have been held back because of the pervasive pessimism in technology. There was resistance to build inventory because of fear of charges.
difficult earnings given greater growth high higher month next perceived quarter relative start sure sustain unless
I'm not sure we're that oversold right now, given that P/E ratios are still high relative to what we perceived the forward-looking earnings to be, ... When we go through the next month and we start to see the first quarter results, I think the expectations are going to come down. With that, it's going to be difficult to sustain much higher growth unless we get some greater visibility.
knew orleans
The New Orleans I knew ain't no more.
along art assumed blended drawing drew interest painted path saw school seem surprised took
In school he drew and painted and took art classes, and he was one of the better students. I assumed that would be the path that he followed. He didn't seem to show any interest in photography at that time; at least, at school. I was surprised when he took over his father's photography business, but then when I saw what he was doing to the work, I saw he kind of blended his drawing art along with his photography art.
band became capable guys obvious wasting
I didn't think I was wasting my time. I thought I was in the right company. Those guys were so good. The more we played, the more it became obvious that we had something special. No other band was... I didn't think any other band was capable of what we were doing.
attempted came corner good guess liberate sunglasses vicious
I attempted to liberate some sunglasses from the corner drugstore. It wasn't a good idea. So they came charging out of there with ball-bats. I guess they thought I was a pretty vicious individual.
among clearly despite evidence finally performance suggesting tech turning weaker
The evidence is in that tech is finally turning around, ... That's most clearly demonstrated with telecom. Even Lucent, despite its weaker performance among its peers, is suggesting they've got some visibility.
although hit home optimistic somewhat
The guidance, although somewhat more optimistic than it has been, didn't really hit a home run,
accents espn facial guys life lived odd regional strange
These guys are characters, and that's one of the things that got ESPN very excited, ... They don't look so perfect. They've got strange regional accents and odd facial hair. They've lived a lot of life and they look like it. And they are also superb at what they do.
behind closed
The idea is you are not doing anything behind closed doors.
business catch company critical dependent enterprise hang investment iraq seeing seems signs situation starting tied
The Iraq situation just seems to hang over business investment decisions, which is critical right now, ... Unfortunately, we're dependent upon enterprise spending. We're seeing signs that telecom is starting to catch on. But if you look at a company like Cisco, where two-thirds of their business is tied to enterprise spending, we're still in this quagmire.