1 Analyst said 1.05, that doesn't make it THE whisper #. It seemed that most were saying .94-.95, and some were still thinking they were gonna miss (see: T Kurlak, H&Q. Paine Webber amongst others. besides after missing the previous Q, and w/ the Asian situation frightening everyone, how do you have a whisper of 16.7% higher than est.
Anyway just listened to CC on AudioNet (they cut you off when the questions start), and it sounded good. A few things to note. The lower tax rate added .04. Also next year the est tax rate will fall from 34.8 to 34%. Also the warrants that come due will add another 2B in cash, while the shares are already being accounted for in the dilutive # they released. Also General expenses will fall 4 - 5% from Q4. Europe was +33% sequentially, while they said Japan/Asia was soft, but saw no signs of more slowing or growing at this point. Flash Memory rev was flat, and prices firming. There was more, and I took some notes, but thats it for now.
Dave |
