Comments on: CIO Tech Spending Poll Confirms Slowdown http://stockmarketbeat.com/blog1/2007/04/03/cio-tech-spending-poll-confirms-slowdown/ Our beat: The stock market. Our job: Beat it. Tue, 03 Jun 2008 15:36:49 -0600 http://wordpress.org/?v=2.8.1 hourly 1 By: RIMM: Great Expectations put Research in Motion in Bleak House - Stock Market Beat - Our beat: The stock market. Our job: Beat it. http://stockmarketbeat.com/blog1/2007/04/03/cio-tech-spending-poll-confirms-slowdown/comment-page-1/#comment-24230 RIMM: Great Expectations put Research in Motion in Bleak House - Stock Market Beat - Our beat: The stock market. Our job: Beat it. Wed, 11 Apr 2007 21:41:29 +0000 http://stockmarketbeat.com/blog1/2007/04/03/cio-tech-spending-poll-confirms-slowdown/#comment-24230 [...] The company is forecasting higher than expected revenue but lower than expected profits, which they blame partly on the administrative costs associated with the options investigation. However, gross margins were down 150 basis points year/year and looking at the deals available on Amazon.com (including some that you have to click to a separate page to find out they’ll give you money to take one) we suspect it has more to do with very aggressive pricing in a desperate attempt to get units out the door. If they can only “meet” estimates when giving away the phone (and then some) what can we really expect for sales and profitability with both consumer and enterprise spending slowing and the Apple (AAPL) iPhone launch on the horizon? [...] [...] The company is forecasting higher than expected revenue but lower than expected profits, which they blame partly on the administrative costs associated with the options investigation. However, gross margins were down 150 basis points year/year and looking at the deals available on Amazon.com (including some that you have to click to a separate page to find out they’ll give you money to take one) we suspect it has more to do with very aggressive pricing in a desperate attempt to get units out the door. If they can only “meet” estimates when giving away the phone (and then some) what can we really expect for sales and profitability with both consumer and enterprise spending slowing and the Apple (AAPL) iPhone launch on the horizon? [...]

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