I believe that Capellas stated something to the effect, early on, that if the customers were happy, and new products were successful, the shareholders would be eventually rewarded. So, he targeted customers and products, two areas where we are seeing some results. My opinion is that he is trying to be very thorough and lay a sound framework. I guess I would feel the same way. If you turn the company around, cultivate the customers, cut costs (admittedly a little slow, but I think he doesn't want to throw the baby out with the bath water)and introduce new exciting products (IPAQ), then the share price would follow. We've got to admit there's been a steady stream of good news coming out of the company. Let's face it, nobody said this would be easy. A few months agao, a poster mentioned that it took Gerstner 4 quarters to show the turnaround was really working and to win over Wall Street.
Russ |
