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Steve Fortuna Quotes
«We do not see this as a one-quarter phenomenon for Apple, but rather as the beginning of many tough quarters ahead.»
Author: Steve Fortuna
«could fall victim to the difficult times that lie ahead for the industry.»
Author: Steve Fortuna
«What I was expecting was a lot of weakness on the gross margin side, but that the revenue line would be reasonably decent. What it looks like here is the whole thing, top to bottom, is going to be quite weak.»
Author: Steve Fortuna
«We see revenue growth accelerating to almost 16 percent in the second half, helping to drive operating margin expansion from the 4.5 percent recorded in first quarter 2000, and the 5.4 percent that we expect this quarter, to 6.3 percent and 8.2 percent in the third and fourth quarters respectively.»
Author: Steve Fortuna
«We see the upgrade cycle as clearly fatiguing at this point and I think the experience in consumer slowdown and weakness, as is with Gateway and others, but Apple's got some additional problems that are more Apple-specific and are related to the fact that a lot of the growth coming from the installed base is now drying up and the company really has to reinvent itself now and focus on new products,»
Author: Steve Fortuna
«We believe Dell will preannounce a miss for the January quarter, most likely within the next two weeks. We also think the company will use the opportunity to lower next year's sales growth outlook from 20 percent to 15-20 percent,»
Author: Steve Fortuna
«We think these results are good, in line with our expectations, and think we are set up for a good 4Q,»
Author: Steve Fortuna
«We believe the company will meet its downwardly revised numbers in the third quarter, as well as bless the current fourth-quarter outlook.»
Author: Steve Fortuna
«IDC saw worldwide unit growth in 3Q of roughly 18.3 percent, while Dataquest saw worldwide unit growth around 15.2 percent, ... Averaging the two together puts it in the mid-to-high 16 percent range, which is roughly in line with our forecast 17 percent for 3Q.»
Author: Steve Fortuna
«Apple is, in many ways, a market unto itself, ... We believe there is a high likelihood that investors will overreact to this news and take down the PC names in sympathy. We would particularly view this as a buying opportunity for Gateway, and to a lesser extent, Compaq and Dell.»
Author: Steve Fortuna