Hi Walkingshadow, well the report is out, and it's not bad. As I previously posted, the material issues are still a problem for the company. But, the growth rate is still in tact. IMO, the backlog is getting to big, but who am I to say that.
First Call had the cash eps at 23 cents, and the actual came in at 24 cents. So, they beat the estimate by a penny. I would have like to see more, but that ok.
So, why is the stock down this mornings? Two reasons, first the lousy market conditions, and second, the shadow that has been cast over the networking and telecom sectors. Look at what's happening to NT this morning. Of course, this impacts P1. I guess timing is everything. Good earnings report in a bad overall market, and sector problems.
Well, lets see how this plays out today. I see the Nas is trying to turn-around. By the way, the CC is on V-Call and will be held at 8:00am PST.
Stock Bull |
