Forgive my periodic insertions, and also if someone else may have already commented on this since I've not been as avid a reader of this as I am an avid and firm believer in IOMG. Robert S. I'm still talking up sales every time I visit any local computer stores, and IOMG is doing well in San Antonio.
KE mentioned that the 3d quarter would be challenging, particularly with the market in Europe performing less than anticipated during the previous quarter. He forwarned us then, but he also sent a @#%tload of people to Europe to turn it around. IMHO, trying to compensate for that warning with concrete, decisive actions. There has always been speculation that the 4th quarter was going to the be the one to skyrocket this stock, but lest not forget the positioning that been happening all summer. Seagate, and Matasubihta (sp?), and now the announcement last week with a new standard floppy. And as some has speculate, KE's own silence.
On-line optimism made the 11 cents look dismal and the market reacted to on-line speculation, maybe the opposite is working here. So the positions many are taking of caution is valid...but in the long road, if this was a horse race, there's no question where the competitors are, and who will be in the winner's circle, and who I've bet ON! Right WV? It's a company we're investing in here, we're not a market.
It's been a long hard summer for us too. Remember that, if things don't hit the peak with the 3d quarter figures, just wait...it will. KE is still masterfully executing this Andrew Grove of Intel type of avoiding "heirarchial barriers" to give the customers what they want, and the stockholders will get theirs too.
I'm happy regardless of whether JP is on line with their call. I'd rather they be conservative, and the dismal shallacking many on-liners gave this stock with over optimism will be avoided. And don't forget the $4 mil held back for the rebate last quarter.
Just IMO.
JMD |
