Agreed....the analyst call yesterday was really helpful for me. Answered some questions...or should I say "suspicions." The earnings shortfall was a result of some sales getting pushed into next quarter and some carriers pushing back finalization of orders due to timing and production issues on the carriers end. CEO and CFO did state repeatedly that there were still a few days left in the quarter but they were "low balling" everything to be safe.
As for the 10% cut backs. No specific dept. would be targeted. RSTN will analyze the complete company and make cuts only where the organization can and will be more efficient. No cuts will be made that will hinder RSTN's ability to adapt to growing demand when....and he emphasized "when" telecom spending resumes at a high level in the 2nd half.
He also said something very important. RSTN is not losing any customers to competitors and is not feeling any pricing pressures. There margins are not being decreased in any way.
Well it still will be tough after having it knocked down to $4 level. 8 or 9 downgrades sure didn't help so I hope Robbie can get some others to join his thoughts. I don't think management selling helped much. Someone had a link yesterday that showed these guys selling into CSFB's downgrade. I'll have to find it again. Looks very suspect to me.