“This was, without a doubt, a blowout quarter. The demand picture was better than we had been expecting. Order rates remained strong in the last month of the quarter, and we generated nearly a billion dollars of cash.”
“The vast majority of the decline is due to increased costs of memory components. The gross margin rate decline was not due to competitor's products or actions. This is a cost matter, not a competitive pricing issue. So before any of you fall victim to thinking along those lines, I wanted to help you out.”
