LT,
I sure hope "Mikey" talks this thing up in conference call. I'm looking to add big-time to my position (short, that is). With its current valuation, this company is in big trouble. They are barely beating estimates and pumping up earnings per share with stock buy backs, not to mention the increase in DSOs and inventory. Also, you can't count out the competition (CPQ, IBM, HWP, GTW, and MUEI). Increased efficiencies at the above-mentioned companies (although not comparable to DELL), pricing competition, increasing component prices, and corporate spending cutbacks (ie. major oil companies, financials, money banks, etc.) are starting to pressure the bottom line.
Tico |
