Old news, bro'.
Part of the reason we got hammered today, along with some analysts whose pessimism, though contagious in my case, was wrong, wrong, wrong.
Long story short on earnings and conference:
1.- Q4 95% booked.
2.- Pegaso closing may take place next quarter. If so, within 60 days of closing, Q gets $200 million, making QSI look a lot better than it did this quarter.
3.- Pro forma .24, a couple of pennies over estimates.
4.- LEAP Wireless killed us since Q decided to write down its investment to actual values. Tough medicine but had to be done, better for the future. A good, conservative accounting move, but nobody likes it since it meant we had a 2 penny GAAP loss.
5.- 1x kicking ass and taking names.
A very good quarter in this dismal environment.
C2@nightowls.com |
