More about Cramer...
Here's a text summary of Cramer's recent video interview with Harald Braun...
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In the "Executive Decision" segment, Cramer spoke with Harald Braun, president and CEO of Aviat Networks (AVNW Quote), formerly known as Harris Stratex, which Cramer recommended on Sept. 11. Since then, shares of Aviat have been flat, with the company reporting a less than stellar fourth quarter.
Braun explained that Aviat booked a lot of new deals in its fourth quarter, but since many of the deals are complex, spanning multiple quarters, the company was not allowed to recognize all of the revenue. He said the fundamentals are in place and demand for the company's products are there, but the revenue was simply a timing issue.
Braun remained cautious for the company's fiscal first quarter as well, saying that revenue recognition is a short-term issue and that it will take two or three more quarters to be fully resolved.
Cramer took a disappointed and a cautious stance towards Aviat, saying that with the mobile Internet growing like gangbusters, he expected Aviat's microwave backhaul equipment to be flying off the shelves. He took a wait-and-see approach and stopped short of recommending the company at these levels.
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I didn't write the above. I found it at "TheStreet.Com". |
