dav,
I believe you are correct. There was a sense that the street wanted to see the money with 4Q results, but I believe it still wants more. Sentiment in the market, evidenced even this week following EM's presentation at the GS Tech Conference, seems to be that the street is going to have to see the money at least one more Qtr., and most likely 2 Qtrs. Questions relative to integration of the logistic and distribution plan seem to keep people sitting on their hands......it is plainly, "wait and see." My guess is that 2nd half pc, enterprise and internet/AV performance will be stronger than anyone anticipates right now--remember, expectations are still relatively low--and the big push to $100 will actually occur from Aug/Sept on. In the meantime.....low $40s looks like a good place to pick up more shares.
JMO, off course.
Keep the faith.
f |
