Michael Ching Quotes

Management did outline several actions that they plan to take that should help return the company to more profitability. This will include several hundred million dollars in charges in the December quarter.

- Michael Ching

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Management | Outline | Actions | Plan | Return |

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In the near-term, Qualcomm's earnings outlook has been diminished due to recent events in China and Korea. For the June quarter, we are currently forecasting 16 percent pro forma revenue growth to $750 million and 26 percent pro forma EPS growth to 27 cents. Based on the company's press release, our EPS estimate looks to be too high. - Michael Ching

We believe that most of the issues impacting Lucent's September quarter results are company specific. Even increasing bad debt reserves because of emerging service provider credit concerns reflects Lucent's aggressive policy towards providing vendor financing. - Michael Ching

With a new management team in place, the review process will likely lead to more conservative revenue growth, and therefore (earnings) performance, in the near term. - Michael Ching