Last one was dismal. This one could be much worse. VSP and ER would have definitely put a big dent on the balance sheets. Don't believe a word DZ or any ELT says, they know, they neck deep and selling a bridge in brooklyn to the share holders and employees
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"Maybe holiday refresh will bring in some $$."
Doubtful, they sell the holiday parts in Q2 and early Q3 at the latest. The final products need to be on the market before the holidays. There is a lead time for the PC and laptop vendors to build and ship their products.
Q3 books will be worse that Q2. The VSP people are still on them. It wont be until Q4 and later when the ISPs happen that we will see the operating budget decrease. 2025 is going to be even worse. Think about the product offerings in 2025 and how many will buy the 2024 products that will just be hitting the market. Maybe holiday refresh will bring in some $$.
They have lost the trust of the public and investors for sure. They basically lied and covered up for years so everyone thought things were going good until the rusted bottom dropped out. But there is weirdly a lot of internal folks who still believe and buy into the bullsh-t and manipulation.
Part of me thinks though these internal diehard believers only believe because they have no other choice. Their end will come when the leadership end comes. They have too many eggs in the leadership’s basket. Sunken cost. So they need to root for them the alternative no matter what is very bad for them otherwise
I doubt anyone inside or outside the company seriously believes anything the ELT says anymore. We're just waiting to see the actuals.
None of ELT is trustworthy anymore