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sunw has a neat page where they lay out the quarter in relation to the preceding one. In 1997, sunw increased revenue 3q to 3q. In 1998, revenue was down q to q. In addition, gross margin was higher (which, strangely, I don't think the street likes), operating expenses higher, cash slightly up, inventories up, and other current assets ( which is mostly spare parts) up. the street will breath a sight of relief for q3, but complain about revenue growth, higher inventories, higher spending. My gut tells me that this report will RAISE more doubt than alleviate it. |
