- Oct 14, 2003
What are you talking about? We're now in the 21st century so all fundamentals matter jack?Your idea of "responsible spending" and interest rates being good belongs back in the 1940's where it didn't work last time. The fix is to get the stock market back to reality.
No, if vast majority of the people didn't have massive amount of mortgages and credit card debt and all kinds of debt, and have money saved up in savings accounts, yes the "GDP growth" would have been lower but the economy as a whole would have been much more resilient.
ASPs up by 35% - 1.35xIn the previous quarter, they said client shipments were down 8% but ASPs were up 35%. It's like the ASP suddenly went flat.
They said revenues declined by 40%. Tell me that I'm misunderstanding you and you know basic math? 40% decline in revenue means ASPs need to increase by 67% to make up for it. 35% increase is piddy compared to 40% decline.
1.67x/1.35 = Even if ASPs went flat in Q3, you still need to account for 24%. So both volume and ASPs tanked.