The analyst don't even know what PT to put on this. Company is losing market share to competitors and is being hurt by currency risks. All those that tried to catch a falling knife earlier are down and probably close to taking their losses. New shorts are piling on. May bottom another 10%-15% lower from here.
Did anyone read the conference call and notice the statement by the CEO when asked a question by the JP Morgan analyst that a new product will be launched tomorrow through the IOT technology. Sounds like they are motivated to grow revenues beyond PC search and if they succeed will drive big revenues. I'm thinking I should buy shares and hold them for a quarter or two. Any thoughts on that statement?