I don't understand how the majority on this thread only see the positive in any statement about usrx.
Personally I thought the conference call was good but not great.
Why?
Revenue up 6%, by itself that would have been great, but from what i heard, modem sales went through the roof, Pilots too. To me, this IMPLIES that server sales were either flat or declined, now i know they are "lumpy", but that isn't very reassuring.
Last 1/4 they made a point to mention that they had more in server sales than ascend had in sales, this 1/4 they made a point of saying that they weren't going to break down the data.
Now i don't know about the rest of you, but I don't believe a modem company (even the best modem company in the world) deserves a very high pe. And if their server sales are lagging, that's what we have left.
For the record, I am extremely long on USRX, in fact i bought in late yesterday, expecting strong modem AND server sales. I think AOL will be big, i think x2 will be big, and i think management sees way beyond tomorrow, but there was bad news in the call, why don't any of you see it?
That's all
me |
