Maybe that's what theprior poster was thinking. ;-)
Despite the miss, margins were strong, still generating cash. Trading at about 5x its run rate earnings if you back out the cash from the market value. That is #$%$ cheap, and I think the market is taking the competetive earnings environment and extrapolating that out to where acts is losing money, where in fact it looks like the company can ake cash in the worst of environments. The comparisons get easier next year, and this stock will rise.