The Black Box

[bits]

I listened to the NENG conference tonight.

Must say that I was not "wowed".

I did like hearing that they thought margins would expand
Likeed the overall story and the strategy.
I did not like hearing what % of current revenue still comes from EMC.. it seemed really large still.
Also didn't like the restatement of the 50% margin haircut from EMC.
Was pretty clear that they were trying to say not to expect anything new this QTR.

Unless I missed something it seems like another couple of quarters before we know anything conclusive about their propects.