Steve Fortuna
Steve Fortuna
appeal based believe consumers cube few users
We believe that the Cube is too pricey at $1,799 to appeal to consumers in volume, while few professional users are going to opt for the Cube based on its award-winning design.
apple couple cycle driven existing good growth largely past upgrade view
Our view is that Apple has had very good growth over the past couple of years, largely driven by upgrade cycle to its existing installed base.
believe bless company current meet numbers revised third
We believe the company will meet its downwardly revised numbers in the third quarter, as well as bless the current fourth-quarter outlook.
believe best gateway necessary steps taking
While we believe that most of the steps Gateway is taking are necessary and desirable, we do not think that the withdrawal from international markets, especially Europe, is in the company's best long-term interests.
ahead difficult fall lie victim
could fall victim to the difficult times that lie ahead for the industry.
beginning phenomenon quarters rather tough
We do not see this as a one-quarter phenomenon for Apple, but rather as the beginning of many tough quarters ahead.
expecting gross line looks margin quite reasonably revenue top weakness
What I was expecting was a lot of weakness on the gross margin side, but that the revenue line would be reasonably decent. What it looks like here is the whole thing, top to bottom, is going to be quite weak.
base build buying call cautious changed dropped last longer low opportunity relatively shoe stock term understand view
We went out with a call and said that we'd be cautious about buying the stock in the low 30s, because there's another shoe to drop. And in fact, that shoe dropped last night. We now view the story as being relatively clean. And I think they now have a base upon which they can build for the long-term. It's important to understand that the opportunity set for Dell longer term really has not changed very much.
business consumer europe gateway growth higher lower market markets pc potential rates small
We see Europe as an important market for Gateway with lower PC penetration rates and the potential for higher long-term growth rates in the consumer & small business markets than in the U.S..
analyst below current earnings high likelihood management meeting outlook per share street
Also, and very importantly, we think there is a high likelihood that management significantly lowers its earnings per share outlook during its analyst meeting this week, well below the current $1.28 Street consensus.
apple believe buying high investors lesser likelihood market names news opportunity pc unto view
Apple is, in many ways, a market unto itself. We believe there is a high likelihood that investors will overreact to this news and take down the PC names in sympathy. We would particularly view this as a buying opportunity for Gateway, and to a lesser extent, Compaq and Dell.
apple believe buying high investors lesser likelihood market names news opportunity pc unto view
Apple is, in many ways, a market unto itself, ... We believe there is a high likelihood that investors will overreact to this news and take down the PC names in sympathy. We would particularly view this as a buying opportunity for Gateway, and to a lesser extent, Compaq and Dell.
apple drive existing lack products strong unit
Apple has a lack of any real new products to drive strong year-over-year unit growth. Its existing products are getting stale.
billion external number player recently roughly run selling separate six storage
Dell recently established a separate storage business... Dell has only been selling external storage for about two years, and it is already the number six player in the market, with roughly a $1 billion run rate.