Wade-
Based on my survey of many stores in several big market cities, I'm comfortable with my Q2 estimate of 350,000 shipped. I'm not saying that this amount will be sold at the retail level during June, but I believe that this amount is reasonable as a first shipment. The results are quite mixed. There were some places that sold 20 units in 3 days, and some which haven't sold more than 5 yet. A lot depends upon the socioeconomic demographics of the retail location. The sell-through at the retail stores indicate whether Q3 shipments, not Q2 shipments, of Quest will be strong, because THQ has shipped the units already. So Quest's effect on Q2 is probably already finished. However, if sales at the retailers dry up in a week or two, there may not be material reorders in Q3. The wildcard will be Granstream Saga. If that item sells really well, my Q2 estimates are likely to be on the low side. Still, $0.48 is fairly aggressive.
Todd |
