I tried it on two other saws, for some reason the gauge is hanging up at 120 on all of them.A brand new engine will sometimes have a bit lower compression than one that has been run awhile. Run it for a while before you conclude that it's low compression.
Now for everyone's entertainment. The first video I linked was the saws first run, this video was the first attempt at getting the saw to run. I actually found out that the choke rod had come out so the choke was on and that is why it didn't start after the first pop (I probably didn't get it set all the way) once that was fixed the saw started on the second pull after fixing this as well.