I'm long too, and I hope that this subdued IT spending forecast does come to fruition. It doesn't help when management gives no future guidance on revs or earnings. They treat the stock like it's their little play toy. But that is the situation, my feeling is they are under promising and will over deliver. GL
When pressed in the CC, management conceded that they have seen no slowdown in sales in the start of this qtr. So a conservative outlook based on IT spending expectations. "A fast track to mediocrity"?? 30% year/year growth in service revenue does not sound average to me. But hey that is what makes a market. I like that recurring revenue stream.