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Just talked to IR and was told that the quarter is back-end loaded, that the last 2 weeks of March are CRITICAL, and that they can warn anytime up to earnings release IF they see it as necessary. I was told that they have not changed guidance as yet, but it was emphasized that these 2 weeks are EXTREEMLY important and that the quarter hangs on this time. Because the last 2 weeks of March just started, they still don't know what to expect, so they can't say that they won't make the quarter and for the same reason, can't say that they will, although as I said, they HAVE NOT CHANGED GUIDANCE. It is quite clear to me, from the conversation, that they will warn if necessary, as soon as it could be determined that they would be going to fall short. I was told not to read the conversation either way, as they don't even know themselves yet what the last 2 weeks of March will bring. I did get the feeling that there is a greater sense of uncertainty than I haven't heard from them before. I was given no direction by IR, but hung up the phone feeling very doubtful. El |
