Michael D.Burke...some thoughts....
The ability of management to perform should translate
into the value of the corporation, often reflected by earnings.
CPQ management's ability to negotiate and acquire DEC has the
value, of a consolidated statement (losses carried forward,
tax benefits, etc.); and other values discussed at length on CPQ thread.
This value was unlocked in the 4th quarter of 1998 (.43/share).
Obviously CPQ is using this acquired benefit
to bridge any earnings gap during the DEC transition.
Let's be fair and give them credit for doing the obvious.
This should come as no surprise.
It is odd that CPQ does not give more detailed guidance.
As I am also skeptical about this I am curious what the future
will bring. (Alta Vista, direct distribution, DEC, etc.)
Certainly, if there is any repeat of the last year's channel stuffing, it will not serve them well. (Do you have knowledge of this?)
Why are you so bearish on the PC sector?
Europe is still a relatively untapped market.
The first half of 99 should be strong in the US...Y2K....
Loki |
