Forget the fuzz nuts posting ignorance here, but ask yourself who (besides our fund) is scooping up all the shares being cast off and shorted here. The answer to the rhetorical question is that pm who understand the quality of the new management team, blowing out stale channel inventory, and swabbing the decks for the new regime to kick butt all converged in those numbers. Remember that the latest addition to the team (Chiat Day CMO) came on with fanfare AFTER they would have known the numbers for the quarter.
The upshot is that this new team is all about the future -- not continuing to carry the baggage of the former team. Expect refrehed, huge things in terms of promotion and style... the current team is ready to rip.
Also expect the shares to roar. Unhedged shorts will be crushed here.