Rick Sherlund
Rick Sherlund
basis favorable investors might news somewhat spin tangible
might put a somewhat more favorable spin on the news and give investors some more tangible basis for optimism.
appeals case court investors judge modified optimistic twice
The appeals court has twice overturned the judge in this case, so I think investors are optimistic that this case could be significantly modified or overturned on appeal.
appeal believe investors issue leading possibly prominent
We believe investors will need to hunker down for a potentially long process, possibly leading through appeal into 2001, ... For now, this will be a prominent issue but may become a back-burner issue during lulls in the action.
bad cycle flowing harmful investors looking next product rewards stock surprise year
It's bad to surprise the Street. It's harmful to the stock because investors are looking for the rewards of this big product cycle next year flowing through to earnings.
beginning earnings investor investors prospects sails sentiment takes warm wind
This effectively takes the wind out of the sails of investor sentiment at a time when investors were beginning to warm up to the prospects for accelerating earnings momentum.
advertising estimates growth last pc potential reflect slower sluggish week
We trimmed estimates last week to reflect even more sluggish PC demand, the potential for slower server growth and slower on-line advertising for MSN,
advantage both calendar designed drive due expect features further generation half likely next office products release revenue second windows
We expect the release of Windows Vista and Office 12 to further drive revenue as both products are being designed to take advantage of collaborative features in the next generation of server products (SQL Server 2005, BizTalk Server 2006, and the 'Longhorn' or Vista Server likely due out in the second half of calendar 2007).
basis corporate december entirely estimates further pc point quarter results revising stock woods
The stock may not yet be entirely out of the woods if the December quarter results do not show some further re-acceleration in corporate PC demand, at which point there may be a better basis for revising estimates further,
continue good level month months news next stock three
The stock had been at about this level just a month ago, and I think this is going to continue to be a damper, at least for the next three months or so. The news doesn't look like it's going to be good for a while.
anecdotal believe capital capture catching coming data estimates falling knife magnitude results spending street year
Estimating results has been like catching a falling knife this year and we do not believe Street estimates yet capture the magnitude of capital spending constraints going into 2002, particularly considering anecdotal data coming out of Europe.
above evidence given pc quarter reduced results slowing
The results were above our estimates, which had been reduced during the quarter given evidence of slowing PC demand.
build stock year
As the year progresses, the stock will build its multiple.
appears business currently line management plans spoken tracking
We have spoken with management and there are currently no plans for an pre-announcement, as business appears to be tracking in line with expectations,
begin believe benefit cycles earnings increase late momentum office revenue stock upgrade windows
We believe there will be an increase in revenue and earnings momentum and a corresponding benefit to the stock as Windows Vista and Office 12 upgrade cycles begin late in the year.