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M2... a bounce would be likely, maybe to 37-37 1/2 area by Tuesday or so, then back down maybe as low as 31-32. Then climb to as high as 40 by 4/1. This is my guess and doesn't take any crazy market dipsy-dos or unusual company news, good or bad, into consideration. One diff. with last year is that CPQ is NOT beginning the digestion process with DEC. on the contrary, DEC should start adding to the bottom line. we may suffer for a while, but not a full year like last time. Could see 50 by end of Q2 and then should participate in a summer tech rally. If the Bonehead Twins are able to pull off the AV thing in such a manner that the Street is impressed, that will help, as will a pact with a respected content provider. Kumar has been wrong before and continues, like Kurlack did, to get redundant. I think that based on the recent DELL call that currently Niles' opinion is gonna carry more weight. OMHO, El |
