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This part is funny. First Quarter 2013 Guidance "Operating income (loss) is expected to be between $(285) million and $65 million, compared to $192 million in
by jyap 14y ago
This part is funny.
First Quarter 2013 Guidance "Operating income (loss) is expected to be between $(285) million and $65 million, compared to $192 million in the prior year period."
So they're not even projecting profits for the future (except the range of $0-65 million).
I kind of get the game that Jeff is playing which is the $0 balance sheet but straddling that line is a dangerous business. With just under $3 billion in cash, any shift in the needle competition wise and you're screwed for a few quarters... I guess you could raise prices at that point?