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Datalink (DTLK) -8.7% after warning it expects Q3 revenue of $105M-$106M and EPS of $104M-$105M...
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Thursday, October 4, 2012, 4:24 PM ETDatalink (DTLK) -8.7% after warning it expects Q3 revenue of $105M-$106M and EPS of $104M-$105M and EPS of $0.14-$0.15, below a consensus of $120.4M and $0.23. The data center services firm blames soft customer capex (ed: that sounds strange at a time when data center construction is soaring). Datalink also announces it has closed its ~$16M acquisition of rival StraTech - the deal adds $65M in annualized revenue.
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As they warned in their 2nd quarter earnings call, and re-iterated in the warning yesterday that with the current economic environment they are seeing customers taking longer to make final buy decisions. This is a widespread commentary in this industry.
In fact, if quarter 4 sees the normal budget flush that quarter may well be a blockbuster.