advocatusdiaboli13

EMC CEO Tucci On What Went Wrong Last Quarter: 'There Is No Excuse' (EMC)

This doesn't add up. A product transition shouldn't require lowering expectations for the rest of the year. The backlog should be easy to deplete in one quarter. I simply cannot shed the feeling that there is more to the slip than Mr. Tucci is divulging. Specifically, if Intel is selling fewer chips, somebody is making fewer desktops and servers because fewer are buying them and it is likley those fewer are buying less storage and EMC software as well. In my opinion, that's the other "shoe" that needs to drop but I guess it won't until next quarter's results are provided.