Toni Sacconaghi
Toni Sacconaghi
business decline moving page present volume wonder xerox
Xerox would present such an unfathomable integration challenge. Really, when you think about it, Xerox would like to be more like HP. The page volume is moving more to printers, and you wonder why HP would effectively want to take on a business that's principally in decline when they effectively have a business that's increasing.
currency expect force growth impact memory negatively rising
We expect that currency headwind, which will negatively impact Q1 growth ... and rising memory prices, will force Dell to keep expectations low.
beneath company confidence declined despite extra fact gain gross headline margins pc share week
Beneath the headline numbers, Dell's FY Q4 06 was not confidence inspiring. Dell didn't gain PC share in the quarter, despite the fact that its gross margins declined meaningfully and the company had an extra week in the quarter.
company fourth gained growth highly pc quarter revenue struck
We think that the fourth quarter will demonstrate Dell gained PC share, particularly in highly scrutinized international markets, and that the company struck a better 'balance' between revenue growth and profitability.
amount confident excited given goes hard issue leadership overhead people pulling stock tremendous
The really big overhead issue is the merger. There's just a tremendous amount of uncertainty around that. It's hard to get people excited about, or confident about, the stock given the uncertainty around the merger. If it goes through, there's uncertainty around pulling off integration. If it doesn't go through, the leadership of HP is in question.
buy investors stock
Should investors buy the stock now? No. There is too much uncertainty...for investors to get comfortable with the stock short-term.
clearly expecting force gone ingredient material presume since stock took work
Since he took over, the stock has gone up 25 percent, so clearly the market...appears to be expecting material cost-cutting, of which I would presume a significant ingredient would be work force reduction.
channel checks galaxy given high indicate launch line profile received seven weeks
Our channel checks indicate that Sun's new line of x86 'Galaxy' servers are not yet shipping. This is disappointing given the high profile launch Galaxy received seven weeks ago.
cash companies focused improving quite somewhat
I think companies have been so focused on improving operations. Quite frankly, they have been somewhat negligent about their burgeoning cash balances.
gains intel loss marketing offset potential seems share unlikely
Overall, it seems unlikely that Dell's share gains would be enough to offset the potential loss of Intel marketing monies.
needs percent plus sentiment
The sentiment is that there needs to be, or will be, a significant 20 percent or plus work-force reduction.
budgets capital consistent february growth highly likely remain spending survey uncertain worldwide
This is consistent with our February 2002 worldwide IT spending survey results, which indicated that IT budgets remain highly uncertain and that IT capital spending growth in 2002 is likely to be modest.
clearly failure growth guidance lower months rate seven today
Their failure to reiterate the timeframe for that guidance today clearly suggests a notably lower growth rate than they had anticipated seven months ago.
believe generate grow held improve market meaningful order recent revenue share sun unix unlikely
While Sun has held its own in Unix servers in our recent surveys, we believe that Unix market revenues are unlikely to grow materially going forward, and accordingly, that Sun will need to improve its (x86)-based share in order to generate meaningful revenue growth.