Decisions continue to be deferred and contracts are slow to get signed.
Competition is a much bigger factor than they're acknowledging in the press release.
The stock is up because investors think it's a good move to get new blood in the company.
We did not see that as we checked on April performance, and our recent checks suggest that the first two weeks in May appear to have been no better than April.
They tried to hold it together, and found ultimately they couldn't. It's curious they just woke up to this level of miss. They're blaming the economy, but competition is a much underrated factor.
