In the conference call they said processors would be down due to Q2 being seasonally slow, but flash would be up. They believed these would balance out and result in a flat Q2.
Flat *revenues*.
You can agree or disagree with his analysis, but this doesn't conflict with his thesis, which is that *margins* will improve, and thus *earnings* will be higher, even given the same revenues (although he rightly believes that Hector is sandbagging on the revenues, too.) There are a couple other factors he mentions as well.
Doug
News 
Market Data 
Discover 
