lt cap,

Thanks for the barron's blog, brutal as it was. BMO showed no mercy in confessing that he had it all wrong. The synergies of

integrating ALU are noted, but get lost in the glare of the 'desert' condition. I guess one good takeaway is that the PT was lowered

from $6 to $4, and we're almost there. Apparently, nobody saw the spending drought coming. I remember when the PT was around $7,

and consensus was reasonably uniform. 

In all, reminds me of an old Stevie Winwood song:

"We'll be back in the high life again,

all those doors that closed on us, will smile and take us in"

It gets me to puzzle over this: Saw a prediction that by 2030, there'll 30 billion connection to the internet.  Data cannot shrink, no way around it.

Can the drought last as a price war forever? I'd guess not, but it depends on who is still standing when capex loosens up.