Quotations
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Rick Sherlund Quotes
«We are reducing our March quarter revenue estimate due to growing evidence that PC unit growth did not likely come up to our expectations. PC growth was very sluggish from November through February, and while it reaccelerated in March, it does not appear to have occurred fast enough to offset the weakness earlier in the quarter.»
Author: Rick Sherlund
«There is an increasing risk that Microsoft might atrophy on the PC platform as IBM did on the mainframe platform, while robust growth shifts to hand-held and wireless devices.»
Author: Rick Sherlund
«The company remains comfortable with our revenue and EPS estimates of $5.65 billion and 41 cents for the September quarter.»
Author: Rick Sherlund
«The stock may not yet be entirely out of the woods if the December quarter results do not show some further re-acceleration in corporate PC (personal computer) demand, at which point there may be a better basis for revising estimates further.»
Author: Rick Sherlund
«The stock may not yet be entirely out of the woods if the December quarter results do not show some further re-acceleration in corporate PC demand, at which point there may be a better basis for revising estimates further.»
Author: Rick Sherlund
«We trimmed estimates last week to reflect even more sluggish PC demand, the potential for slower server growth and slower on-line advertising for MSN.»
Author: Rick Sherlund
«Estimating results has been like catching a falling knife this year and we do not believe Street estimates yet capture the magnitude of capital spending constraints going into 2002, particularly considering anecdotal data coming out of Europe.»
Author: Rick Sherlund
«Oracle has an August quarter, so we are more compelled to cut estimates now. Siebel is September, so we could wait, but the numbers just look too optimistic. Given cost reductions, the EPS cut for Oracle is small, but the growth rates for Siebel are much faster, so EPS reductions more significant.»
Author: Rick Sherlund
«The macro economy in the U.S. is moving in the right direction, but it is taking longer to gain traction in the tech sector.»
Author: Rick Sherlund
«Extrapolating from Oracle as a bellwether for the rest of the software sector, we believe the September quarter results for the group will likely come in a bit shy of estimates.»
Author: Rick Sherlund