Gene, I have seen nary a report that looks like there was any growth whatsoever in PC revenues last year, and, indeed, I'm pretty sure they were down. MSFT's windows revenues showed, as you say, pretty sluggish growth. Unless I am engaging in "fallacy of composition," last quarter will be death on a stick for the boxmakers. Of course, I expect IBM to spin like a whirling dervish and fear HWP will try to do the same. Dell I'm not sure about. They occasionally tell things like they are, though the expectations for next year are always pretty silly.
And, for what it's worth, I don't think a 31% eps gain deserves a 72 times pe ratio, especially not when the co. has Justice problems. <g> |
